The production of the freight air transport sector in Belgium has seen fluctuations from 2014 to 2023, with notable drops in 2015 and 2016, significant recovery in 2017, and steady growth with minor dips in subsequent years. The value in 2023 stood at 1.25 billion Euros, showing a year-on-year increase of 1.61% and a CAGR over the last five years of 1.79%. Future projections from 2024 to 2028 suggest a steady annual growth rate, with a forecasted CAGR of 1.17%, anticipating the value to reach 1.35 billion Euros by 2028.
Future trends to watch in the freight air transport sector include:
- Technological advancements and digitization that could enhance efficiency.
- Environmental regulations pushing towards sustainable practices.
- Potential impacts of geopolitical shifts on international trade routes.
- Economic factors affecting global trade volumes and freight demand.
