In 2023, the turnover of water transport in Belgium was 3.00 Billion Euros. Forecasts indicate a gradual decline in turnover from 2024 to 2028. Specifically, the values for 2024 to 2028 are projected at 2.97 Billion Euros, 2.94 Billion Euros, 2.92 Billion Euros, 2.89 Billion Euros, and 2.87 Billion Euros respectively. This shows a consistent decrease year-on-year with variations of -1% from 2024 to 2025, -0.68% from 2025 to 2026, -1.03% from 2026 to 2027, and -0.69% from 2027 to 2028. Over the five-year period, the Compound Annual Growth Rate (CAGR) is -0.88%.
Future trends to watch for:
- Environmental regulations impacting operational costs and efficiencies.
- Technological advancements in water transport and their adoption.
- Fluctuations in global trade volumes affecting demand for water transport services.
- Economic conditions in the European Union influencing investment and growth in the transport sector.