In 2023, Argentina's air freight volume stood at 285.1 million tonne kilometers. Over the last two years, the year-on-year variation showed significant recovery with a 16.67% increase in 2023, following a remarkable 176.84% rise in 2022. The Compound Annual Growth Rate (CAGR) for the past five years, ending in 2023, was -1.77%, indicating an overall negative trend driven mainly by the dramatic decline in 2020 amidst the global pandemic.
Future forecasts predict a stabilization of air freight volumes in Argentina with minimal growth. The 5-year CAGR from 2024 to 2028 is forecasted at 0.06%, suggesting only a slight uptick in air freight activity.
Future trends to watch for include:
- Potential recovery of global trade post-pandemic, which may positively impact air freight volumes.
- Economic policies and trade agreements that could influence Argentina's import and export activities.
- Technological advancements in logistics and supply chain management.
- Environmental regulations that may alter the operational dynamics of air freight.
- Infrastructure development and investments in the aviation sector.
