The freight and mail air transport in Belgium has shown significant fluctuations over the years. From a steady rise between 2013 and 2018, the sector experienced some volatility with a noticeable dip in 2019 and 2020. However, it rebounded strongly in 2021, reaching 468 million tonne-kilometers. As of 2023, the sector stands at 468 million tonne-kilometers. The year-on-year variation for 2023 is 4.23%, with a CAGR over the last five years of 2.73%. Looking ahead, the forecasted data suggests a continued growth trend with an expected CAGR of 2.91% from 2024 to 2028, leading to a 15.4% growth rate over the next five years.
Future trends to watch for:
- Increased digitalization and automation in logistics to enhance efficiency.
- Potential impacts of global economic fluctuations on air freight demand.
- Environmental regulations and advancements in sustainable aviation technologies.