MEA air freight market to exceed US$ 14.8 bn by 2027

In the year 2022, the air freight market in the Middle East and Africa (MEA) region was valued at around US$12.5 billion, according to a report by Statista. It was forecast to exceed US$14.8 billion by 2027, with a compound annual growth rate (CAGR) of 3.51 per cent. This sensitive data reflects the anticipated expansion of the air freight industry in the region over the specified time frame. Air freight contributes to the global economic development as it relies on the capability to transport valuable and superior quality products rapidly to consumers across the world.