Air Freight Services in Australia - Industry Market Research Report

Wake in freight: As the pandemic-driven profit boom settles, normalising trends will ground revenue

Airfreight transporters have faced a turbulent operating environment in recent years. While the COVID-19 pandemic largely grounded the wider aviation sector, the Air Freight Services industry soared above the clouds. Airfreight volumes transported by airlines dropped while international borders were closed, due to limited capacity in the cargo holds of passenger flights. However, global supply chain disruptions pushed airfreight prices to record levels, more than offsetting weaker tonnage volumes. Overall, industry revenue is expected to zoom up at an annualised 4.7% over the five years through 2022-23, to $7.0 billion. This includes an anticipated 21.5% crash in 2022-23, as airfreight rates nosedive back toward pre-pandemic benchmarks.

The industry includes businesses that provide domestic and international airfreight services for freight and mail.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.