$13.5bn
$XXX.Xm
147k
57
$XXX.Xm
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.In 2023, industry profitability is estimated at 4.0% of revenue. The profitability of industry services varies by route and direction (i.e., inbound or outbound). Over the past five years, movements in demand and fuel prices have squeezed industry profit margins. However, profit is forecast to grow in future years as Chinese airlines become more efficient and achieve economies of scale.In the past, most air cargo was transported on domestic and international scheduled passenger flights. Domestic and international passenger airlines carried freight to maximize the utilization of aircraft space and increase revenue. However, with increased demand for air freight transportation, domestic airlines and courier companies have begun purchasing aircrafts for all-cargo transport, especially air express and parcel delivery.Industry revenue is forecast to grow at an annualized 6.2% over the five years through 2028, to reach $18.1 billion by 2028. Growth will gradually stabilize as air cargo traffic volumes steadily increase. The establishment of improved air logistics systems will support the development of the industry. In addition, the industry will spread to middle and western China.
Industry revenue has grown at a CAGR of 3.3 % over the past five years, to reach an estimated $13.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($short_0)
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There are no companies that hold a large enough market share in the Air Transportation of Freight in China industry for IBISWorld to include in this product.
Air Transportation of Freight in China
Industry revenue is measured across several distinct product and services lines, including Domestic mainline freight air transportation , International freight air transportation and Domestic regional freight air transportation. Domestic mainline freight air transportation is the largest segment of the Air Transportation of Freight in China.
The demand for domestic mainline freight air transportation has been increasing
The Air Transportation of Freight industry in China operates aircraft for the international and domestic transportation of freight.
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Revenue of Air Transportation of Freight in China is expected to increase in 2023. With the improvement of the domestic epidemic prevention and control situation and the furt...
Learn about an industry's products and services, markets and trends in international trade.
Most air cargo was transported on domestic and international scheduled passenger flights in the past. Domestic and international passenger airlines carried freight to maximiz...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Cargo transportation volumes by air vary considerably from region to region. The industry's geographic distribution largely reflects economic development levels, route networ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The Air Transportation of Freight industry exhibits medium levels of competition. The intensity of competition is often strongly related to competition in flight capacity for...
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Industry leaders focus on economy of scale. Leading enterprises have actively expanded their airline network, and wider distribution of network help the enterprises to stand ...
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After China's accession to the World Trade Organization, the government has sought to assist domestic players competing against international players. Over the past five year...
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Aviation is one of the most fuel-intensive forms of transport. Purchases of jet fuel comprise a large part of industry costs.
Including values and annual change:
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Key data sources in China include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Air Transportation of Freight industry in China is $13.5bn in 2024.
There are 57 businesses in the Air Transportation of Freight industry in China, which has grown at a CAGR of 0.4 % between 2019 and 2024.
The market size of the Air Transportation of Freight industry in China has been growing at a CAGR of 3.3 % between 2019 and 2024.
Over the next five years, the Air Transportation of Freight industry in China is expected to grow.
International freight air transportation and Domestic mainline freight air transportation are part of the Air Transportation of Freight industry.
The level of competition is moderate and increasing in the Air Transportation of Freight industry in China.