The turnover in the pipeline transportation sector in Belgium has shown a significant upward trend from 2014 to 2023. Starting at 164.2 million euros in 2014, it reached 1100 million euros in 2023. The sector experienced a dramatic increase in 2015 with a year-on-year growth of 343.06%. Although there was a slight decline in 2016, the overall trend from 2014 to 2023 evidenced steady growth, particularly between 2021 and 2023, with year-on-year variations of 32.25%, 8.34%, and 7.61%, respectively. The compound annual growth rate (CAGR) from 2018 to 2023 was 8.42%, indicating robust performance in recent years.
Future trends indicate continued growth with forecasted turnover values projected to reach up to 1470 million euros by 2028. The expected CAGR from 2023 to 2028 is 4.65%, suggesting a deceleration but still steady increase. Key factors to watch include advancements in pipeline technology, regulatory changes, and shifts in energy consumption patterns, which may influence growth trajectories.
