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Sea & Coastal Freight Water Transport in Belgium - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

BE-H5012 March 2024 Factsheet

Revenue

€3.7bn

2019-2024 2.9 %
2024-2029 X.X %

Employees

2,421

2019-2024 26.4 %
2024-2029 X.X %

Businesses

131

2019-2024 4.3 %
2024-2029 XX.X %

Wages

€XXX.Xm

2019-2024 XX.X %
2024-2029 X.X %

Sea & Coastal Freight Water Transport in Belgium market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Belgium compared to Europe?

Country Benchmarking

Industry Data Belgium

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#9 In Europe
Business
#11 In Europe
Employees
#13 In Europe
Wages
#10 In Europe

View industry report for Europe

The European sea and coastal freight transport industry took a huge hit from the effects of the global pandemic and geopolitical tensions in recent years. After enjoying a period of steady growth prior to the pandemic, the industry slumped in 2020, with pandemic-induced lockdowns severely affecting demand, leading to a dramatic downturn in freight volumes. Shipping companies continue to grapple with challenges in the absence of pandemic-related restrictions, though a hefty rise in freight rates has buoyed revenue and profitability.

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Enterprises
Number of businesses in 2024

Biggest companies in the Sea & Coastal Freight Water Transport in Belgium

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Mediterranean Shipping Company SA
83,089.6
29,629.5
35.7
AP Moller - Maersk A/S
103,733.0
31,119.9
30.0
CMA CGM SA
64,474.7
22,991.7
35.7

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Top Questions Answered in this Report

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What is the market size of the Sea & Coastal Freight Water Transport industry in Belgium in 2024?

The market size of the Sea & Coastal Freight Water Transport industry in Belgium is €3.7bn in 2024.

How many businesses are there in the Sea & Coastal Freight Water Transport in Belgium industry in 2024?

There are 131 businesses in the Sea & Coastal Freight Water Transport industry in Belgium, which has grown at a CAGR of 4.3 % between 2019 and 2024.

Has the Sea & Coastal Freight Water Transport industry in Belgium grown or declined over the past 5 years?

The market size of the Sea & Coastal Freight Water Transport industry in Belgium has been growing at a CAGR of 2.9 % between 2019 and 2024.

What is the forecast growth of the Sea & Coastal Freight Water Transport industry in Belgium over the next 5 years?

Over the next five years, the Sea & Coastal Freight Water Transport industry in Belgium is expected to grow.

What are the biggest companies in the Sea & Coastal Freight Water Transport market in Belgium?

The biggest companies operating in the Sea & Coastal Freight Water Transport market in Belgium are Mediterranean Shipping Company SA, AP Moller - Maersk A/S and CMA CGM SA

What does the Sea & Coastal Freight Water Transport in Belgium include?

Container Shipping and Liquid Bulk Transport are part of the Sea & Coastal Freight Water Transport industry.

Which companies have the highest market share in the Sea & Coastal Freight Water Transport in Belgium?

The company holding the most market share in Belgium is Mediterranean Shipping Company SA.

How competitive is the Sea & Coastal Freight Water Transport industry in Belgium?

The level of competition is moderate and steady in the Sea & Coastal Freight Water Transport industry in Belgium.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies in this industry transport bulk and non-bulk freight on vessels designed for the open sea or coastal waters. The industry includes scheduled and unscheduled activities, towing barges and oil rigs and renting vessels with crew for sea transport.

Related Terms

Freight RateDry BulkBunker Costs

What's included in this industry?

Container ShippingLiquid Bulk TransportDry Bulk TransportTransporting Ro-Ro UnitsOther Cargo

Companies

Mediterranean Shipping Company SAAP Moller - Maersk A/SCMA CGM SA

Industry Code

ISIC 2006

5012 - Sea and coastal freight water transport in Belgium

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Sea & Coastal Freight Water Transport in Belgium industry?


Outlook

Analysis

What's driving the Sea & Coastal Freight Water Transport in Belgium industry outlook?


Volatility

Analysis

What influences volatility in the Sea & Coastal Freight Water Transport in Belgium industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Sea & Coastal Freight Water Transport in Belgium industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Europe's coal comeback has boosted dry-bulk transport volumes. The spike in natural gas prices led to an unexpected short-term increase in demand for coal for electricity generation, encouraging demand for dry bulk transport.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Sea & Coastal Freight Water Transport in Belgium industry's products and services performing?

Analysis

What are innovations in the Sea & Coastal Freight Water Transport in Belgium industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Sea & Coastal Freight Water Transport in Belgium industry?


International Trade

Highlights

  • Total Imports into Belgium
  • Total Exports into Belgium
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Major multinational shipping companies dominate container shipping markets. The size and scale of vessels required for container shipping ensures that only a select number of companies have the resources to conduct these operations.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Sea & Coastal Freight Water Transport in Belgium located?

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Tighter emissions regulations are likely to spur increased costs for operators. The inclusion of maritime emissions in the EU Emissions Trading Scheme from January 2024 will cut into bottom lines.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Sea & Coastal Freight Water Transport in Belgium industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Volatile oil prices have spurred profit fluctuations. Increased oil prices following Russia’s invasion of Ukraine led to a significant rise in bunker costs.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Sea & Coastal Freight Water Transport in Belgium industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.