The turnover of warehousing and support activities for transportation in Belgium has shown a consistent decline since 2013, where the value stood at 22.34 billion Euros. As of 2023, it has decreased to 17.47 billion Euros. Notably, the sector witnessed short-term year-on-year growth notable in 2016 and 2017 with 8.31% and 4.49%, respectively. However, a persistent downward trend revealed an average annual decline (CAGR) of -1.51% over the last five years. The forecast suggests a continued decrease with a 5-year CAGR of -2.48% and a projected value of 14.95 billion Euros by 2028.
Future trends to watch for:
- Increased automation and digitalization of warehouse operations.
- Growth in e-commerce impacting storage and distribution demands.
- Sustainable logistics practices driving operational changes.
- Economic factors and geopolitical events affecting international trade.
