Air Transportation of Freight in China - Industry Market Research Report

The Air Transportation of Freight industry is expected to increase at an annualized 3.3% over the five years through 2023, to total $13.5 billion. This trend includes a 11.3% boom in the current year. Over the same period, the volume of freight moved is expected to increase from 7.4 million tons in 2018 to an estimated 8.5 million tons in 2023, reflecting annualized growth of 2.9%. In 2020, due to the COVID-19 outbreak, the volume of freight completed in the whole industry totaled 6.8 million tons, down by 10.2% from 2019. During 2021 to 2022, with the improvement of the domestic epidemic prevention and control situation and the further recovery of the economy, the air freight transportation industry had gradually recovered, and basically returned to pre-pandemic level in 2019. The Air Transportation of Freight industry in China operates aircraft for the international and domestic transportation of freight. 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 key players and their market shares.