Based on the historical data from 2013 to 2023, Belgium’s air transport production volumes have experienced fluctuations, peaking at 3.64 billion Euros in 2023. The period saw a sharp decline in 2020 due to the pandemic, with a subsequent recovery. Notably, 2023 showed a marginal increase of 0.72% year-on-year.
Looking at longer-term trends, the compound annual growth rate (CAGR) over the past 5 years is 2.13%. The forecast from 2024 to 2028 suggests a more stable albeit slower growth, with a forecasted 5-year CAGR of 0.59%.
Future trends to watch for include the potential impact of sustainability regulations, advancements in air transport technologies, and changes in global economic conditions.
