Press release
Latin America Air Freight Market to Reach USD 32.58 Billion by 2033
Latin America Air Freight Market OverviewMarket Size in 2024: USD 20.12 Billion
Market Forecast in 2033: USD 32.58 Billion
Market Growth Rate (2025-2033): 5.20%
The Latin America air freight market size reached USD 20.12 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 32.58 Billion by 2033, exhibiting a growth rate (CAGR) of 5.20% during 2025-2033.
Latin America Air Freight Market Trends and Drivers:
The air freight market in Latin America is really picking up steam as cross-border trade continues to grow, thanks to the region's increasing integration with global supply chains. Major logistics companies are ramping up their operations to meet the rising demand driven by a boom in e-commerce and the need for speedy deliveries.
Online retailers are placing a higher emphasis on speed and reliability, making air freight a vital link between local sellers and international buyers. As trade routes strengthen, exporters and manufacturers are turning to air shipping to ensure smooth supply chain operations, especially for high-value and perishable goods.
Countries like Brazil, Mexico, and Colombia are seeing a surge in freight-forwarding investments as operators take advantage of strategic locations and evolving free trade agreements to boost capacity and efficiency. Additionally, improvements in infrastructure at key airports are speeding up cargo handling, cutting down transit times, and supporting year-round shipping for various types of freight.
In this ever-changing landscape, the air freight market in Latin America is really benefiting from the growth in local production. This shift is transforming logistics strategies and making air transport a top choice for just-in-time delivery methods.
Industries like automotive, pharmaceuticals, and consumer electronics are increasingly relying on air freight to reduce risks associated with manufacturing delays and stock shortages. Innovations in shipment tracking, real-time monitoring, and online freight booking systems are enhancing the customer experience, allowing for quicker decision-making and better visibility of shipments.
The combination of these technologies with improved safety protocols is building trust among shippers, leading to a wider acceptance of air logistics solutions. Additionally, the rise in intra-regional trade is creating new demand for services in smaller cities, prompting airlines to introduce flexible service models and optimize cargo capacity to serve various routes more efficiently. These trends are positioning the Latin American air freight market as a promising area for ongoing investment and innovation.
In key countries across the region, customized guidelines and infrastructure investments are driving unique growth. In Brazil, the government's push for airport privatization is modernizing facilities and drawing in private capital for enhanced shipping terminals.
Mexico is taking advantage of its closeness to North American markets by boosting multimodal connectivity and logistics hubs in vital northern areas. Meanwhile, Argentina and Chile are simplifying customs processes and digitizing trade documentation to speed up cross-border transactions. Throughout Central America, increased participation in trade blocs is creating a favorable regulatory environment that promotes logistical flexibility.
These efforts, combined with strong demand from e-commerce and business supply chains, are solidifying air freight as a crucial driver of economic resilience. As companies focus on speed to market and supply chain adaptability, the air freight sector in Latin America continues to evolve as a fundamental support for both domestic trade and global trade growth.
Latin America Air Freight Market News
• December 2024 Air cargo demand in Latin America surged by 12.6% year-on-year, with cargo capacity rising 7.9%. Notably, December witnessed a 10.9% spike, the highest among all global regions.
• January 2025 Latin American carriers recorded 11.2% year-on-year growth in air cargo demand, alongside a 10.6% capacity increase, showcasing the strongest regional performance globally.
• April 2025 Region-wide, air cargo demand leaped 10.1% year-on-year, again leading global regions, with capacity up 8.5%.
• April 2025 Lima Airport (Peru) inaugurated a new air cargo terminal on March 30, featuring a revamped design aimed at improving operational efficiency though its distance from existing facilities may affect transfer times.
• May 2025 FedEx Latin America emphasized the pivotal role of e-commerce, digitalization, international trade growth, and supply chain diversification in shaping the region's air cargo market for 2025.
• May 2025 Per Air Cargo News, major carriers are expanding capacity: Avianca is adding two A330 P2F aircraft, and LATAM Cargo is awaiting FAA approval for its Boeing 767 freighter conversions and fire suppression systems.
Meanwhile, carriers like Lufthansa and AFKLMP have shifted capacity out of the region, impacting yield dynamics.
• April 2025 Braspress Air Cargo received its Air Operator's Certificate on April 22, 2025, enabling operations out of Viracopos in Campinas, with initial routes likely to include Manaus.
For an in-depth analysis, you can refer sample copy of the report:
https://www.imarcgroup.com/latin-america-air-freight-market/requestsample
Latin America Air Freight Market Industry Segmentation:
Service Insights:
• Freight
• Express
• Others
Destination Insights:
• Domestic
• International
End User Insights:
• Private
• Commercial
Country Insights:
• Brazil
• Mexico
• Argentina
• Colombia
• Chile
• Peru
• Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Ask Our Expert & Browse Full Report with TOC & List of Figure:
https://www.imarcgroup.com/request?type=report&id=28825&flag=C
Key highlights of the Report:
• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-201971-6302
About Us:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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