From 2013 to 2023, the Warehousing and Storage sector in Belgium showed fluctuating production values. Following a sharp decline in 2015, production surged in 2016, hitting 4.65 billion Euros. The sector was stable between 2018 and 2019, recorded a dip in 2020 due to the pandemic, and recovered markedly in 2021, peaking in 2023 at 5.72 billion Euros. The year-on-year growth over the last two years was 9.65% in 2022 and 7.64% in 2023. The 5-year CAGR from 2019 to 2023 stood at 8.13%, indicating an overall strong recovery and growth trajectory.
Looking ahead, the production in the Warehousing and Storage sector is forecasted to grow with a steady CAGR of 3.06% through 2028, expecting to reach 6.94 billion Euros. Factors like increasing e-commerce, technology advancements, and growing trade volumes are likely to support this growth.
Future trends to watch for:
- Increased automation and use of AI in warehousing operations.
- Expansion of cold storage facilities driven by the pharma and food industries.
- Sustainability trends pushing for eco-friendly warehousing solutions.
