The sea and coastal freight water transport sector in Belgium displayed fluctuating trends from 2013 to 2023. The sector saw significant growth in 2015 (+33.3%) and 2018 (+37.73%), with notable declines in 2014 (-9.68%), 2016 (-5.99%), 2017 (-12.69%), and 2020 (-27.48%). By 2023, actual production stood at €2.72 billion, up 6.63% from 2022. The sector’s five-year CAGR leading up to 2023 was –1.21%, indicating overall marginal decline.
Future trends suggest a stable albeit modest growth trajectory with the forecasted production expected to rise to €2.83 billion by 2028. A five-year CAGR of 0.58% and overall growth rate of 2.95% reflect a gradually improving market. Key future trends to watch include technological advancements in maritime logistics, regulatory changes, and potential impacts from global trade dynamics and environmental sustainability initiatives.
