Key Market Indicators
Belgian Maritime Transport Sales are projected to decline, reaching approximately €2.9 billion by 2028, down from around €3 billion in 2023. This represents a year-on-year compound annual growth rate (CAGR) decrease of 0.7%. Since 2012, the Belgian market has been contracting at an average rate of 1.1% per year. In 2023, Belgium ranked eighth globally in maritime transport sales, with the Netherlands surpassing it at around €3 billion. Denmark, France, and the United Kingdom secured the second, third, and fourth positions, respectively. The Belgian Vessel Fleet is also expected to see a decline, projected to fall to approximately 22,860 units by 2028 from around 23,990 units in 2023. This indicates an average annual decrease of 0.8%. Since 2002, the Belgian fleet has decreased by an average of 1.4% per year. In 2023, Belgium ranked fifteenth in terms of fleet size, with Finland surpassing it at around 23,990 units. Italy, Denmark, and Croatia ranked second, third, and fourth, respectively.
