The turnover in the Sea and Coastal Freight Water Transport sector in Belgium has seen a fluctuating trend from 2013 to 2023, with notable variations. After a significant drop of 56.12% in 2013, the sector experienced a mix of declining and rising trends. Key changes include a 32.99% rise in 2015, followed by a notable decline in 2017 (-12.23%). A strong rebound occurred in 2018 with a growth of 36.59%, but the sector saw another dip in 2020 (-27.2%) due to the pandemic. From 2021 to 2023, the sector showed a positive trend, recovering gradually with a year-on-year growth of 6.56% in 2023, reaching 2.73 billion Euros.
Future trends in the sector are forecasted to show a steady growth till 2028, with an average annual increase of 0.58% (CAGR). By 2028, the sector is expected to reach 2.83 billion Euros, indicating a foreseeable and moderate upward trend.
Future trends to watch for:
- Technological advancements enhancing operational efficiencies.
- Environmental regulations impacting operational costs and investments.
- Global trade dynamics and their influence on freight demand.
