The air transport turnover in Belgium saw notable fluctuations between 2013 and 2023. The turnover peaked in 2019 at 5.03 billion Euros before plummeting to 2.68 billion Euros in 2020, likely due to the COVID-19 pandemic. However, the sector showed resilience and growth, reaching 4.4 billion Euros by 2023. Year-on-year, the turnover increased by 12.34% in 2023, with an average annual growth rate (CAGR) of 4.54% over the past five years.
Looking forward, the forecast from 2024 to 2028 indicates a steady growth trajectory, with the turnover expected to reach 4.78 billion Euros by 2028 and a forecasted 5-year CAGR of 1.33%. Future trends to watch for include the impact of sustainability initiatives, technological advancements in air transport, and potential regulatory changes affecting the industry.
