Forecast: Road Freight Transport in Belgium

The road freight transport market in Belgium experienced substantial fluctuations over the past decade, peaking in 2015 at 36.08 billion tonne kilometers and dipping notably in 2020 due to the global pandemic. By 2023, the value stood at 33.31 billion tonne kilometers. Year-on-year variations reveal periods of both significant growth and contraction, with the most drastic drop occurring in 2020. The compound annual growth rate (CAGR) over the last five years shows a slight positive trend of 0.38%. Forecasts suggest stable but slight decreases in the coming years, with a forecasted 5-year CAGR of -0.53% up to 2028.

Future trends to watch for include:

• The impact of economic recovery and potential shifts in trade patterns post-COVID-19.
• The adoption of greener and more efficient technologies in logistics which may influence the volume and growth of road freight transport.
• Potential regulatory changes in the EU and within Belgium that could either hinder or promote growth in this sector.