Forecast: inland freight water transport revenue in Belgium 2010-2022| ��ƽ��

Inland freight water transport revenue in Belgium from 2010 to 2022 (in million U.S. dollars)

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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

The industry classification is based on the NACE Rev. 2 - system in Belgium. The industry “inland freight water transport“ has the code “H5040“.

Details on the methodology can be found here.

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Up until a few years ago, inland waterways were considered as a popular mode for freight transportation in Belgium. However, over the years, their demand has witnessed a decline, due to slower transit times, increased costs and the rapid developments in road freight logistics. As a result, industry revenues are projected to decline from *** million U.S. dollars in 2016 to *** million U.S. dollars by 2022. In fact, road freight transport accounts for over ** percent of the total inland freight transport in the country. As of 2018, the total road freight transport volume amounted to nearly **** billion tonne-kilometers. In comparison, the transport volume in the inland waterway freight sector amounted to approximately **** billion tonne-kilometers.

According to data from Eurocanal.com, there are about ** waterways in the country including rivers, lakes and canal, with a combined length of approximately 1516 kilometres. Amongst the main waterways include the Albert Canal, which connects Antwerp to Liege and the Ghent-Terneuzen Canal.