Only six companies in Serbia operate in a sector that will drastically grow

Air cargo transport grew modestly in 2022 compared to 2021, but the projections of the analytical portal Statista for Serbia say that the quantity of goods transported by aeroplanes could triple by 2025 and quadruple by 2027.

In Serbia, however, only six companies are registered for air cargo transport, three of which have not generated any income in the last three years.

On the other hand, data from the CompanyWall rating company show that profits in this industry, which in our country is dominated by the German DHL, increased as much as 36 times from 2020 to 2022, while revenues increased five times in the same period.

“Despite political and economic challenges, in 2023, the global air cargo market regained the position it lost in 2022 after peaking during COVID-19 pandemic in 2021. Although the demand was 3.6 percent lower than pre-pandemic levels, the significant growth in the last quarter is a sign that markets are stabilizing towards more normal demand patterns. That puts the industry on a very solid footing for success in 2024. But with continued, and in some cases intensified, instability in geopolitics and economic forces, little should be taken for granted in the coming months,” said Willie Walsh, CEO of the International Air Transport Association (IATA), said.

The most recent data for Serbia is from 2022, when the number of transported passengers increased by as much as 73.9 percent compared to a year earlier, while the quantity of transported goods increased by a much more modest 4.5 percent, i.e. 3.5 percent expressed in tonne-kilometres.

The projections for Serbia made by the global analytical portal Statista are far more optimistic. Based on earlier data, collated by the World Bank and the International Civil Aviation Organization (ICAO), Statista’s projections say that in 2025, air cargo transport will exceed 45,000 tonne-kilometers (MTK).

(, 19.03.2024)

This post is also available in: Italiano

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