The output of air transport in Belgium has experienced varied growth over the last decade, peaking in 2019 at 4.36 billion euros before a steep decline in 2020 to 2.58 billion euros due to the global pandemic. Recovery began in 2021 with a 30.57% increase, culminating in a significant rise to 4.50 billion euros by 2023. From 2018 to 2023, the Compound Annual Growth Rate (CAGR) was 3.08%, indicating moderate average growth per year.

Future trends to watch for:

Forecasted steady growth in the output, with a 2.17% CAGR over the next five years, leading to an estimated output of 5.16 billion euros by 2028.
The potential influence of ongoing digital transformation and sustainability initiatives within the air transport sector.
The impact of economic recovery patterns and evolving consumer travel behaviors post-pandemic.
Regulatory changes and their potential effects on operational efficiencies and market dynamics.