The turnover of sea and coastal freight water transport in Belgium stood at 2.70 billion euros in 2023. The forecasted data for the next five years indicates a steady upward trend: 2.75 billion euros for 2024, 2.77 billion euros for 2025, 2.79 billion euros for 2026, 2.81 billion euros for 2027, and 2.83 billion euros for 2028. Comparing the year-on-year data:
- 2024: 1.85% increase from 2023
- 2025: 0.73% increase from 2024
- 2026: 0.72% increase from 2025
- 2027: 0.72% increase from 2026
- 2028: 0.71% increase from 2027
The compound annual growth rate (CAGR) for the period from 2024 to 2028 is approximately 0.74% per year.
Future trends to watch for include the impact of environmental regulations on shipping costs, technological advancements in logistics and supply chain optimization, and global economic fluctuations that might influence trade volumes in Belgium.
