The air transport sector in Germany has experienced significant fluctuations over the past decade. From 2013 to 2017, the sector saw a mix of growth and declines, with notable peaks in 2014 and 2016. However, post-2017, the sector entered a downward trend, sharply exacerbated by the COVID-19 pandemic in 2020 when production nearly halved. Recovery efforts led to a moderate rebound in 2021 and 2022, with production standing at 17.83 billion Euros in 2023, a 6.43% year-on-year increase. The overall CAGR for the last five years was -2.11%, illustrating the ongoing challenges faced by the sector.
Looking ahead, projections for 2024-2028 indicate a continued decline, with a forecasted 5-year CAGR of -2.82%. Factors such as shifts in global travel patterns, fuel price volatility, and environmental regulations will need close monitoring as they may significantly impact production in the sector.
