Australia Air Freight Market Report and Forecast 2024-2032

Australia Air Freight Market Outlook

The Australia air freight market size was valued at USD 1.15 million in 2023. The market is further projected to grow at a CAGR of 3.80% between 2024 and 2032, reaching a value of USD 1.62 million by 2032.

Key Takeaways 

• The projected growth in air freight volume between 2020 and 2050 is expected to be 103%.

• In 2022-23, a total of 300 million tonne kilometres of air freight were transported.

• As of 2023, there were approximately 57,700 jobs in the air and space transport industry.

• Prominent players are Qantas Airways Limited, Tasman Cargo Airlines Pty Limited, and Kuehne & Nagel Australia Pty Ltd.  

Air freight is commonly utilised for transporting pharmaceuticals, perishable agricultural goods, seafood, seasonal items, plants, and documents. These products benefit from air freight's speed, reliability, and efficiency in transportation, making it an ideal choice for time-sensitive deliveries, high-value goods, and items with short shelf lives. 

The thriving e-commerce market has significantly increased the demand for air freight services in Australia, driven by the surge in online shopping and the need for efficient transportation of goods. The adoption of advanced technologies like automation, robotics, and blockchain in cargo handling is enhancing the efficiency and transparency of the air cargo industry, shaping the future of airfreight logistics in Australia, and promoting Australia air freight market growth. 

Moreover, the trend of nearshoring, which means outsourcing tasks to nearby countries is leading to large investments in industries like automotive, manufacturing, pharmaceuticals, and food & beverage, which is positively impacting demand of transportation and logistics services. 

The emergence of fuel-efficient aircraft is significantly impacting the Australia air freight market development by enhancing operational efficiency, reducing costs, and minimising environmental impact. Airlines are using more fuel-efficient aircraft, such as the Airbus A350 and Boeing 787 Dreamliner, for air freight operations, which reduces emissions and fuel consumption. These advancements in aircraft technology are crucial for the air freight industry as they enable longer flights with reduced fuel burn, ultimately improving profitability and sustainability. 

The market has a role in both domestic and international logistics operations. As per Australia air freight market analysis, air freight services within Australia cater to domestic transportation needs, facilitating the swift movement of goods across different regions within the country. The domestic segment is influenced by factors like infrastructure development, government policies, and the growth of e-commerce, which have contributed to the overall growth in the air freight market. 0.03% of Australia's domestic freight volume was transported by air in the fiscal year 2022–2023.

International air freight services, on the other hand, connect Australia to global markets, enabling the efficient transport of goods to various countries worldwide. The segment is affected by favourable global trade dynamics, increasing number of passengers travelling to foreign countries, and emergence of fuel-efficient aircrafts.

Market Segmentation  

Australia Air Freight Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments

Market Breakup by Service

• Freight

• Express

• Mail

• Others

Market Breakup by Destination

• Domestic

• International

Market Breakup by End Use

• Private

• Commercial

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

Competitive Landscape

Market players are engaged in providing efficient air cargo and logistics solutions to stay ahead in the competition.

• Qantas Airways Limited  

• Tasman Cargo Airlines Pty Limited  

• Kuehne & Nagel Australia Pty Ltd.  

• Federal Express (Australia) Pty Ltd.  

• Freight and Customs Pty Ltd.  

• Others

Key Highlights of the Report

Australia Air Freight Market Report Snapshots

Australia Air Freight Market Size

Australia Air Freight Companies