Abstract We use a three‐dimensional chemical transport model and satellite observations to investigate Arctic ozone depletion in winter/spring 2019/20 and compare with earlier years. Persistently, low temperatures caused extensive chlorine activation through to March. March‐mean polar‐cap‐mean modeled chemical column ozone loss reached 78 DU (local maximum loss of ∼108 DU in the vortex), similar to that in 2011. However, weak dynamical replenishment of only 59 DU from December to March was key to producing very low (<220 DU) column ozone values. The only other winter to exhibit such weak transport in the past 20 years was 2010/11, so this process is fundamental to causing such low ozone values. A model simulation with peak observed stratospheric total chlorine and bromine loading (from the mid‐1990s) shows that gradual recovery of the ozone layer over the past 2 decades ameliorated the polar cap ozone depletion in March 2020 by ∼20 DU.