The number of air passengers carried in South Africa has experienced various fluctuations over the years. From 2013 to 2019, the trend showed a steady increase, peaking at 26.211 million in 2019. The data for 2020 and 2021 reflects a steep decline due to the COVID-19 pandemic, with significant recovery observed by 2022. By 2023, the number of passengers rebounded to 28.645 million, reflecting a 20.94% increase year-on-year from 2022. The Compound Annual Growth Rate (CAGR) over the previous five years stands at 3.04%, indicating moderate growth.
Future projections from 2024 to 2028 show a continued upward trend, reaching an anticipated 34.524 million passengers by 2028. The forecasted CAGR over these forthcoming five years is 2.96%, suggesting consistent and sustainable growth.
Future trends to watch for include potential fluctuations influenced by changes in global travel behavior post-pandemic, economic conditions, and advancements in airline industry technology. Monitoring these factors will be crucial for accurate forecasting and strategic planning.
