Air - LATAM | Statista Market Forecast

Transportation intensity in Latin America is projected to amount to 0.02TKM/GDP in 2024..
Volume of goods transported in the Air market is projected to amount to 6.64bn TKM in 2024.

Definition

The Air Freight market involves the transportation of goods and cargo via aircraft. This market is concerned with the movement of commercial and industrial goods by air, facilitating fast and efficient delivery across domestic and international routes. Air transportation is integral to supporting commercial activities, contributing to efficient supply chains, global trade, and timely delivery of cargo.

Additional Information

The Air Transportation market covers the volume of goods transported and transportation intensity. Key players in the Air Freight market include major cargo airlines, global freight forwarders, and logistics companies specializing in air cargo services. These entities play a vital role in facilitating global trade and ensuring the efficient movement of goods by air.

Air freight transportation

Passenger transportation
Non-air freight transportation

Air transportation, known for its speed, seamlessly connects distant locations globally within hours, playing a vital role in international trade, and business. Air cargo carriers prioritize high-value and time-sensitive goods, like electronics, pharmaceuticals, and perishables.

Critical to the global supply chain, express air cargo services ensure rapid delivery, and airports, with extensive infrastructure, serve as international gateways. Safety is paramount, subject to stringent regulations to ensure passenger, crew, and cargo safety.

While efficient, air transportation has environmental concerns, with efforts to adopt technologies for a reduced environmental footprint. It's sensitive to global events, influencing passenger demand and airline stability. The rise of low-cost carriers has increased accessibility, transforming the industry with heightened competition and evolving business models.

Remaining critical to the global transportation network, air transportation offers unmatched speed and connectivity. Ongoing advancements and adaptations contribute to the resilience and evolution of the aviation industry.

Data coverage:

The data encompasses B2B enterprises. Figures are based on the activities of the Air freight market.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting transportation activity due to the non-linear growth of this market

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.

The transportation industry co-evolved with both socio-economic and technological changes. The introduction of airplanes in the 1900s systematically affected how we make business and transport goods. Although many people only associate aviation with passenger transportation, the global air cargo industry increasingly became a powerhouse for global economic relations especially in the age of rising e-commerce. Even though the market size of the cargo airline fluctuated around 110 billion U.S. dollars during the last years, in a long-run analysis the strong growth in the cargo airline industry becomes obvious. Between 2004 and 2021, worldwide revenue generated in the cargo aviation industry more than doubled, reaching a peak at 175 billion U.S. dollars in 2021. However, global airfreight traffic only increased by roughly 62 percent during the same period. T