Belgium's air freight volume has seen fluctuations over the past decade, marked by significant variations year-on-year. In 2023, the volume stood at 1.66 billion tonne kilometers. Over the past two years, variations include a 1.18% increase in 2023 compared to the previous year's 10.32% decline. From 2018 to 2023, the compound annual growth rate (CAGR) was 5.23%, indicating a modest recovery trend.
Looking forward, the forecast for the 2024-2028 period shows a stable yet slow growth pattern with a forecasted 5-year CAGR of 0.87% and a total growth rate of 4.45%. Anticipated growth rates suggest that air freight volume might reach 1.75 billion tonne kilometers by 2028.
Future trends to watch for:
• Technological advancements in logistics and cargo handling.
• The impact of global economic conditions on trade flows.
• Sustainability initiatives within the freight industry.
• Potential supply chain disruptions and geopolitical impacts.
• Infrastructure improvements in Belgian airports to enhance cargo handling capacity.
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