Forecast: Number of Liquid Bulk Tankers in Belgium

The number of liquid bulk tankers in Belgium has demonstrated a consistent upward trend from 2013 to 2023, growing from 5.96 thousand to 7.49 thousand. This indicates strong growth, averaging an annual CAGR of approximately 2.05% over the last five years. The next five years forecast continues this growth trajectory with an expected 7.67% increase by 2028, at an annual average growth rate (CAGR) of 1.49%.

Key trends and variations over recent years:

• 2019-2020 saw a dip of -5.87%.
• 2020-2021 observed a recovery with a 7.2% increase.
• 2021-2022 saw a modest increase of 0.77%.
• 2022-2023 featured a 2.07% growth.

Future trends to watch for include the impact of economic policies on maritime transportation, evolving environmental regulations affecting tanker design and operations, and technological advancements driving efficiency improvements in the industry.