Based on the provided forecast data, the production value of sea and coastal freight water transport in Belgium is expected to grow moderately from 2024 to 2028. In 2023, the value stood at €2.71 billion. From 2024 (€2.74 billion) to 2025 (€2.77 billion), there's a 1.09% year-on-year increase. Between 2025 (€2.77 billion) and 2026 (€2.79 billion), the growth rate is about 0.72%. For 2026 (€2.79 billion) to 2027 (€2.81 billion), the rise is approximately 0.72%, and from 2027 to 2028 (€2.83 billion), the expected increase is 0.71%. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is around 0.72%.
Future trends to watch for include:
- Variations in international trade policies that could affect sea and coastal freight transport demand.
- Technological advancements and automation in shipping logistics that may influence productivity and efficiency.
- Environmental regulations and their impact on operational costs and compliance in the shipping industry.
