The sea container transport volume in Belgium has generally exhibited a rising trend from 2013 to 2023, with the volume standing at 13.565 million Twenty-Foot Equivalent Units (TEUs) in 2023. The data shows a noticeable increase in transport volumes since 2013, with a significant increment in 2020, where the year-on-year change was 9.34%. The last two years have shown moderate growth, with year-on-year changes of 2.86% in 2022 and 2.75% in 2023.
Comparing the longer-term trends, the Compound Annual Growth Rate (CAGR) from 2018 to 2023 stood at 3.87%, reflecting a steady growth phase for sea container transport during this period. Looking into the forecast data up to 2028, the predicted CAGR is 1.94%, indicating a slower growth pace compared to the past five years.
Future trends to watch include:
- Potential impacts of global trade policies and economic fluctuations which could either hamper or boost growth rates.
- Technological advancements in maritime logistics that could enhance efficiencies and growth.
- Sustainability initiatives and regulations aimed at reducing the carbon footprint of maritime transport.
