South Africa Air Freight Market Market Size (2024 - 2029)

South Africa Air Freight Market Analysis

The size of South Africa's Air Freight Market is USD 350 million in the current year and is anticipated to register a CAGR of more than 3% during the forecast period. Air cargo service providers are facing new difficulties as a result of the rising demand for air freight transportation services. To offer services at a reasonable price, airlines must concentrate on implementing fuel-efficient solutions and incorporating cutting-edge technologies.

• The continent with the fewest annual air travellers in Africa. It accounts for only 2% of all transportation worldwide, including passengers and freight. Africa had one billion people in 2010; by 2050, it will have more than two billion.
• The 230 airlines operating in Africa only use about 5% of the world's commercial passenger and cargo aircraft, despite the continent having 15% of the world's population. The average age of the African airline fleet is the highest of any continent (17 years, as opposed to the global average of 12 years).
• Air travel seems to be the greatest alternative for freight, commerce, and tourism given the significant distances between African nations and cities as well as the sparse and frequently decrepit road and rail infrastructure.
• In Africa, foreign tourism is the main factor influencing air travel. With more than 25 million people carried annually, South Africa is the world leader in air passenger traffic. Egypt, Morocco, Algeria, Tunisia, Nigeria, Kenya, Ethiopia, Tanzania, and Mauritius round out the top ten. Tourism is the primary driver of air travel to and from Africa, and as Morocco, Egypt, South Africa, and Tunisia are some of the most well-liked tourist destinations on the continent, it is not unexpected to see these nations ranked among the top nations with the most passengers.
• On commercial flights, a lot of airlines offer cargo space for sale. The reason for the current low volume of aviation freight is that cargo aircraft have not historically received high attention in Africa. Ethiopian Airlines is the only airline succeeding in this market, nevertheless. In terms of freight, it is the top airline in Africa. Ethiopian Airlines imports USD 5 times as much (USD16 billion) as it exports, which is primarily flowers and amounts to USD 3 billion annually. The majority of the items imported into Africa via air freight include manufactured goods, parts, electronics, pharmaceuticals, and food.
• Fruits and vegetables, seafood, and flowers make up the great majority of the goods exported from Africa via airfreight. Perishable and fresh goods make up two-thirds of the aviation cargo that travels from Africa to the northern hemisphere.

South Africa Air Freight Industry Segmentation

Moving products or consignments by air is known as air freight. The report provides a comprehensive background analysis of the South Africa Air Freight market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the industry's competitive landscape. Additionally, the COVID-19 impact has been incorporated and considered during the study. The South Africa Air Freight Market is segmented By Service (Forwarding, Airlines, Mail, and Other Services), By Destination (Domestic and International), and By Carrier Type (Belly Cargo and Freighter). The report offers market size and forecasts for the South African air freight market in value (USD Billion) for all the above segments.