COVID-19 impact on air freight forwarding market by region and scenario 2020

Published by Statista Research Department, Aug 30, 2023
The coronavirus outbreak hits international air freight forwarding market through a persistent health shock that drags the global economy into a deep recession. In a severe impact scenario, the European air freight forwarding market is expected to contract by 9.1 percent in 2020 compared with the previous year.

Year-on-year change of the air freight forwarding market due to the coronavirus outbreak in 2020, by region and scenario*

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Release date

April 2020

Region

Worldwide

Survey time period

2019 and 2020

Supplementary notes

* The actual impact assumes: a suppression of the pandemic in the next four to six months; manageable supply and production shocks and temporary daily life restrictions.
The severe impact assumes: an extended epidemic throughout this year and next year and a significant drop in demand and supply that will lead to a financial crisis in the second half year of 2020.

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