The total number of air passengers carried in Australia increased from 68.198 million in 2013 to 76.851 million in 2019, a steady annual growth rate. The pandemic caused a sharp decline in 2020, dropping to 23.346 million passengers and only slightly recovering to 24.573 million in 2021, representing a significant negative growth rate. The market rebounded in 2022 with a remarkable growth rate of 176.06%, recovering to 67.837 million passengers. In 2023, the value stood at 80.626 million with an 18.85% year-on-year growth rate. The forecasted CAGR for 2023-2028 stands at 1.65%.

Future Trends to Watch For:

Ongoing recovery post-pandemic with gradual annual growth.
The introduction of new technologies and improving efficiencies in the aviation industry.
Potential impacts of sustainable aviation fuels and environmental regulations.
Shifts in consumer behavior towards air travel amid economic fluctuations.