Passenger traffic in China's civil aviation sector has demonstrated significant growth from 2013 to 2019, peaking at 65.99 million units in 2019. However, the industry experienced a substantial downturn in 2020 due to the pandemic, with a sharp reduction of 36.69%. Recovery began in 2021 with a modest increase of 5.45%, and a notable rebound of 50.25% in 2022. By 2023, the traffic had reached 76.66 million units, an increase of 15.81% compared to the previous year.
Looking ahead, the forecasted data predicts continuous growth, with passenger traffic expected to reach 101.99 million units by 2028. Over the next five years, the sector is anticipated to grow at a CAGR of 4.5% resulting in a cumulative growth of 24.64% by 2028.
Future trends to watch for include the impact of policy changes aimed at boosting domestic tourism, the potential influence of emerging technologies in aviation, and the industry's adaptability to environmental regulations and sustainability practices.
