In 2023, the production value of road freight transport in Belgium stood at 12.08 billion euros. The forecasted data for the upcoming years indicate a consistent but modest growth trend. By 2024, the production value is expected to rise to 12.2 billion euros, marking an approximate year-on-year increase of 0.99%. This growth trajectory continues steadily, reaching 12.65 billion euros by 2028, which corresponds to a compound annual growth rate (CAGR) of about 1.15% over the five-year period.
Key variations over the last two years, alongside the forecasted trend:
- 2024: 0.99% year-on-year increase
- 2025: 0.90% year-on-year increase
- 2026: 0.89% year-on-year increase
- 2027: 0.97% year-on-year increase
- 2028: 0.88% year-on-year increase
Future trends to watch for include the impact of evolving environmental regulations, advancements in logistics technology, and shifts in international trade dynamics. These factors could play significant roles in shaping the road freight transport sector in Belgium over the coming years.
