The international outbound air freight in Australia has seen significant fluctuations from 2013 to 2023. In 2023, it stood at 604.8 thousand metric tons. Over the past decade, the market experienced strong growth until 2019, with minor corrections in 2016 and 2017, followed by a substantial dip in 2020 due to global disruptions. This was offset by notable recoveries in 2021 and 2022. Year-on-year variations highlight these shifts with a remarkable 17.76% increase in 2021 after a 14.48% drop in 2020. From 2018 to 2023, the Compound Annual Growth Rate (CAGR) credited a steady growth of 2.89% per annum.
Between 2024 and 2028, the air freight market is forecasted to grow at a slower but steady CAGR of 1.99%, with an overall growth rate of 10.33% by 2028. Key future trends to watch for include the impact of technological advancements in logistics, fluctuations in international trade policies, and the continued effects of global economic conditions.
