Key Market Indicators
Belgian Airline Revenue is projected to decline slightly to $1.24 billion by 2028, from its current figure of $1.27 billion in 2023. This represents an average annual decrease of 0.4%. Despite this downturn, the Belgian market has experienced a steady annual growth rate of 1.5% since 2013. In the global rankings for 2023, Belgium secured the 17th position, just behind Colombia, which matched Belgium's revenue of $1.27 billion. Leading the list were Germany, Ireland, and Russia in the second, third, and fourth spots, respectively. In contrast, Belgian Air Passenger Traffic is expected to rise, reaching nearly 16 million passengers by 2028, up from approximately 14.8 million in 2023. This growth translates to a compound annual growth rate (CAGR) of 1.2%. Historical data since 1975 shows a consistent annual demand increase of 1.6% for Belgian air travel. For 2023, Belgium was ranked 40th globally in passenger traffic, with Finland narrowly ahead at the same passenger count. Topping the chart were China, India, and Ireland, in the second, third, and fourth positions, respectively.