Forecast: Land Transport and Transport via Pipelines Output in Belgium

The output of the Land Transport and Transport via Pipelines sector in Belgium is forecasted to grow steadily from 23.52 Billion Euros in 2024 to 24.95 Billion Euros by 2028. In 2023, the output stood at 23.16 Billion Euros, indicating an upward trend. Year-on-year variations show consistent growth: 1.5% from 2023 to 2024, 1.53% from 2024 to 2025, 1.51% from 2025 to 2026, 1.48% from 2026 to 2027, and 1.42% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.49%.

Future trends to watch for:

  • Technological advancements in transport infrastructure may enhance efficiency.
  • Government policies focused on reducing carbon emissions could impact investment in pipeline transport.
  • Increased demand for sustainable transport solutions may drive innovation in the sector.

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