The turnover of warehousing and storage in Belgium has shown notable fluctuations from 2013 to 2023, with a significant dip in 2015 followed by strong recovery peaking in 2016. In 2023, the turnover stood at 4.97 billion euros, marking a 6.21% year-on-year increase from the previous year. The five-year compound annual growth rate (CAGR) from 2018 to 2023 is a stable 4.39%, indicating steady industry growth.
Future trends to watch for include:
- Continued growth with an expected 5-year CAGR of 2.28% until 2028.
- Potential impacts of technological advancements in logistics and storage automation.
- Regulatory changes affecting warehousing operations and environmental sustainability initiatives.
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