In 2023, international air passenger transport receipts in Argentina stood at $373.49 million, reflecting a slight year-on-year decrease of 2.8%. Between 2019 and 2023, the Compound Annual Growth Rate (CAGR) was -2.23%, indicating a downward trend. This decline accelerated notably in 2020 due to the impact of the COVID-19 pandemic, but saw some recovery in subsequent years.
Over the next five years, forecasts suggest a continued decrease, with a projected 2028 figure of $311.5 million and a forecasted 5-year CAGR of -2.56%, indicating persistent challenges in the sector. The overall growth rate from 2024 to 2028 is anticipated to be -12.17%.
Future trends to watch for include:
- Potential economic recovery and its impact on international travel.
- Changes in global travel restrictions and their effects on passenger volumes.
- Technological advancements and infrastructural investments in Argentina’s aviation sector.
- Consumer behavioral shifts due to environmental concerns and alternative travel options.
