The number of container ships in Belgium expressed in Value stood at 284.92 million gross tonnage in 2023. Over the last two years, from 2021 to 2023, there was a recovery from the slight dip observed in 2021, with the value increasing year-on-year by 2.81% in 2022 and 2.68% in 2023. The compounded annual growth rate (CAGR) over the last five years (2019-2023) was 1.2%, showcasing a moderate upward trend.
Future trends to watch for:
- The forecasted CAGR for the next five years (2024-2028) is projected to be 1.89%, indicating a steady growth trend.
- The total forecasted growth rate over the same period is expected to be 9.83%, suggesting an optimistic outlook for the volume of container ships in Belgium.
- Developments in global trade, environmental regulations, and advances in shipping technology will be key factors influencing these trends.