Market Overview

The  Latin America air freight market  was valued at USD 21.17 Billion in 2025 and is forecasted to reach USD 32.81 Billion by 2034. It is expected to grow at a compound annual growth rate (CAGR) of 4.99% during the forecast period from 2026 to 2034. Growth is driven by expanding e-commerce, cross-border trade, and demand for time-sensitive, high-value cargo. Strategic location, manufacturing growth, perishable movement, infrastructure upgrades, and digital transformation are strengthening market efficiency and share. Access the detailed report Latin America Air Freight Market. 

Study Assumption Years

  • Base Year: 2025
  • Historical Year/Period: 2020-2025
  • Forecast Year/Period: 2026-2034

Latin America Air Freight Market Key Takeaways

  • The market size was USD 21.17 Billion in 2025.
  • The CAGR is 4.99% from 2026 to 2034.
  • The forecast period spans 2026-2034.
  • The freight segment leads with 55% market share in 2025, driving operational efficiency across logistics.
  • International destinations command 65% market share due to strong cross-border trade with major global regions.
  • Commercial end users dominate at 70% market share, fueled by manufacturing and retail growth.
  • The market is competitive, with major global integrators expanding regional presence and specialized cargo investment.

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Market Growth Factors

A boom in e-commerce and retail has driven growth in the Latin American air freight market․ In November 2025, LATAM Cargo increased its capacity in Brazil by 12% in order to transport excess e-commerce traffic generated by Black Friday, adding new and additional frequencies that included 3․8 million kg (8․4 million lb) of domestic uplift․ Aside from online shopping, a growing demand for just-in-time deliveries and high-value goods (electronics and perishables) has made the Latin American freight market connecting on punctual and reliable air cargo․

Latin America's location and links with North America, Europe and Asia and cross-border trade are other drivers of growth for air cargo markets․ Trade agreements, the regional integration of markets are all factors driving up air cargo volumes․ For example, Aeromxico Group's international airfreight rose 5․2% year-on-year to 52469․49 tons in H1 2025, with more than 50% market share․ In international transport, such as with Aeromxico Group, high-value industrial products, perishables and premium products are flown in a supply chain with a high speed requirement․

Infrastructure, fuel, vehicles, and technology are critical to market growth․ Airport infrastructure, cargo handling facilities, and logistics centers maximize operational efficiency and cargo handling capacity․ Brazil in April 2025 became the first country in the Americas to fully implement eAWB․ The eAWB made import and export cargo operations more efficient and competitive by reducing bottlenecks and costs․ Technologies like digital freight tracking, automatic handling of goods, supply chain management solutions, improve air cargo operations and attract more business․

Market Segmentation

Service:

  • Freight: Holds 55% market share in 2025. It leads due to rising e-commerce demand, expanding industrial activity, and the need for fast cargo movement. High-value goods, perishables, and manufacturing components depend on timely air transport, supported by infrastructure upgrades and digital logistics investments.

Destination:

  • International: Accounts for 65% market share in 2025. Dominated by strong cross-border air freight demand due to Latin America's strategic location. Enhanced airport infrastructure, supportive trade agreements, and streamlined customs processes facilitate international trade.

End User:

  • Commercial: Commands 70% of the market in 2025. Driven by manufacturing, retail, and e-commerce industries requiring rapid, secure transport for time-critical shipments. Digitalization and advanced cargo management improve reliability for commercial users.

Regional Insights

Brazil is a dominant regional market benefiting from growing e-commerce, industrial exports, and high-value cargo movement. Airport infrastructure improvements, technology adoption, and regional trade connections support sustained market activity. Mexico shows robust growth from cross-border trade, industrial shipments, and nearshoring trends, with modernized airports and expanding logistics networks enhancing performance. Other countries like Argentina, Colombia, Chile, and Peru experience steady growth due to exports, e-commerce demand, improved supply chains, and upgraded infrastructure, strengthening overall Latin American air freight operations.

Recent Developments & News

In June 2025, Aliana7a Navegao e Logstica (a Maersk subsidiary) launched an air freight service in Brazil linking Manaus and So Paulo, targeting high-value cargo sectors integrated with multimodal logistics. In February 2025, Azul Cargo Express introduced two Airbus A321P2F freighters in Brazil increasing payload by 39% and achieving significant fuel and CO2 savings. In September 2024, Scan Global Logistics acquired Blu Logistics Brasil, enhancing regional air freight capacity and cross-border connectivity. May 2024 saw DHL Supply Chain partner with Levu Air Cargo on a 90.5 million domestic air network in Brazil deploying four freighter aircraft.

Key Players

  • LATAM Cargo
  • FedEx
  • Aeromxico Group
  • Modern Logistics
  • Total Lines Areas
  • Aliana7a Navegao e Logstica (Maersk subsidiary)
  • Azul Cargo Express
  • Scan Global Logistics
  • Blu Logistics Brazil
  • DHL Supply Chain
  • Levu Air Cargo

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