The volume of road freight transport in Belgium exhibited varying trends from 2013 to 2023. After notable fluctuations, it stood at 32.75 billion tonne-kilometers in 2023. The series experienced a significant drop in 2020 by 17.27% due to the COVID-19 pandemic, followed by a 14.1% recovery in 2021 and a steadier 4.94% increase in 2022. The CAGR over the last five years (2018-2023) was approximately 0.039%. Projected data suggests a slight decline with a 5-year CAGR of -0.24% forecasting a modest 1.21% total decline by 2028.
Future trends to watch for:
- Potential advancements in green logistics and stringent environmental regulations could impact road freight volumes.
- Economic fluctuations and fuel price volatility are crucial drivers that could influence future freight transport trends.
- Technological advancements such as autonomous vehicles and digital logistics platforms are expected to reshape the industry dynamics.
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