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Belgium
August 2026

Belgium Freight Forwarding Market Size, Share & Forecast, By Mode of Transport, Shipment Flow & End-Use Industry, 2025-2032

2032

The Belgium Freight Forwarding Market worth USD 2,740 million in 2025 is growing at a CAGR of 3.68% to reach USD 3,529 million by 2032. DHL Global Forwarding, DSV, Kuehne+Nagel, GEODIS and are the major companies operating in this market.

Report Details

Base Year

2025

Pages

85

Region

Belgium

Author

Ken Research

Product Code
KR-RPT-V02-08200

CHAPTER 1 - MARKET SUMMARY

Market Overview

The Belgium Freight Forwarding Market is fundamentally a trade-orchestration market in which forwarders aggregate carrier capacity, customs processing, consolidation, documentation and multimodal routing for industrial and commercial shippers. Demand is supported by road freight activity of 261 million tonnes in 2024, with international road transport rising 3.5% year on year. The scale sustains dense forwarding lanes connecting Belgian shippers with neighbouring European markets.

Flanders, particularly the Antwerp-Bruges logistics corridor, is the dominant geographic cluster because deep-sea, road, barge and rail networks converge around Europe's major chemical and container gateway. Port of Antwerp-Bruges handled 266.5 million tonnes in 2025, while container throughput remained broadly stable. This density lowers transfer costs and supports specialist forwarders in chemicals, projects, automotive, reefer and international container flows.

Market Value

USD 2,740 million

2025

Dominant Region

Flanders, Antwerp-Bruges Logistics Corridor

2025

Dominant Segment

Sea Freight Forwarding

fastest growing through 2030

Total Number of Players

3,000

Future Outlook

The Belgium Freight Forwarding Market is projected to expand from USD 2,740 million in 2025 to approximately USD 3,529 million by 2032. The trajectory reflects a transition from the subdued 2023-2024 freight cycle toward steadier international forwarding demand, with value growth supported by customs complexity, multimodal coordination and higher-value verticals. Historical CAGR for 2020-2025 is estimated at 2.70%, compared with a forecast CAGR of 3.68% for 2025-2032. Ocean forwarding remains the core profit pool because Antwerp-Bruges provides substantial container density, while healthcare, retail, time-critical industrial cargo and digitally managed customs flows increase service intensity.

Forward growth is expected to be value-led rather than purely tonnage-led. Port throughput faced pressure in 2025, but air cargo showed stronger momentum, with Brussels Airport handling 795,000 tonnes and Liège Airport approximately 1.325 million tonnes. This divergence favours forwarders capable of optimizing mode selection rather than depending on a single transport channel. Through 2032, digital documentation, carbon reporting, pre-arrival customs data and shipper requirements for resilient routing should increase revenue per managed shipment. The strongest operators will combine carrier procurement scale, customs expertise, sector specialization and technology-enabled visibility while maintaining flexibility across Belgium's dense European hinterland connections.

3.68%

Forecast CAGR

$3,529 Mn

2030 Projection

Base Year

2025

Historical Period

2020-2025

Forecast Period

2025-2032

Historical CAGR

2.70%

CHAPTER 2 - SCOPE OF REPORT

Scope of the Market

Click to Explore Interactive Mind Map

CHAPTER 3 - Key Stakeholders

Key Target Audience

Key stakeholders who can leverage from this market analysis for investment, strategy, and operational planning.

Investors

CAGR, consolidation, margins, digital intensity, modal exposure, risk

Corporates

freight spend, reliability, customs, routing, emissions, procurement

Government

port throughput, compliance, modal shift, capacity, resilience

Operators

carrier rates, utilization, customs, visibility, lane profitability

Financial institutions

working capital, acquisitions, capex, margins, covenant resilience

What You'll Gain

  • Market sizing and trajectory
  • Customs and policy mapping
  • Modal exposure indicators
  • Segment structure and levers
  • Competitive landscape shortlist
  • CEO-grade risk priorities

80+

Pages of insights

CHAPTER 4 - Market Size & Growth

Market Size, Growth Forecast and Trends

This section evaluates the historical market size, analyzes year-over-year growth dynamics, and presents forecast projections supported by market performance indicators and demand-side drivers.

Historical & Projected Market Size ($ Million)

Year-over-Year Growth Rate (%)

Market Value vs Volume Growth (%)

Historical Market Performance (2020-2025)

Historical performance shows a two-stage cycle. Revenue recovery accelerated in 2021 and peaked at 4.55% growth in 2022 as trade networks normalized and freight-rate conditions remained supportive. Growth then decelerated sharply to 1.54% in 2023 and 0.57% in 2024 as European industrial activity weakened and freight yields normalized. The 2025 recovery to 3.40% reflects improving service intensity rather than uniform tonnage expansion. International road transport strengthened while air cargo accelerated, offsetting weaker inland-waterway and bulk-port volumes. This mix demonstrates why forwarding revenue is not mechanically linked to aggregate physical tonnage.

Forecast Market Outlook (2025-2032)

Forecast growth is expected to gradually strengthen as digital customs compliance, air-cargo expansion, multimodal switching and specialized verticals raise the value generated per shipment. Annual market growth reaches an estimated 3.90% around 2030 before moderating as the market matures. The model closes at USD 3,529 million in 2032 and a 3.68% CAGR from 2025. The main upside lies in healthcare, time-critical cargo, customs-managed flows and multimodal routing. Downside risk remains linked to European industrial weakness, lower freight yields, trade-policy shocks and congestion affecting Belgium's major gateway nodes.

CHAPTER 5 - Market Data

Market Breakdown

Belgium's forwarding revenue outlook is supported by a large multimodal cargo base, but operating indicators show materially different trends across maritime, inland-waterway and air channels. This creates both diversification benefits and execution complexity for forwarders and investors.

Market Breakdown

Historical Data (2020-2024) • Base Data (2025) • Forecast Data (2026-2032)

Year
Market Size (USD Mn)
YoY Growth (%)
Port of Antwerp-Bruges Throughput (Mn tonnes)
Belgian Inland Waterway Freight (Mn tonnes)
Brussels + Liège Air Cargo (Mn tonnes)
Period
2020$2,398 Mn+---
$#%
Forecast
2021$2,482 Mn+3.50%--
$#%
Forecast
2022$2,595 Mn+4.55%--
$#%
Forecast
2023$2,635 Mn+1.54%--
$#%
Forecast
2024$2,650 Mn+0.57%278.0164.9
$#%
Forecast
2025$2,740 Mn+3.40%266.5156.0
$#%
Forecast
2026$2,835 Mn+3.47%--
$#%
Forecast
2027$2,935 Mn+3.53%--
$#%
Forecast
2028$3,042 Mn+3.65%--
$#%
Forecast
2029$3,157 Mn+3.78%--
$#%
Forecast
2030$3,280 Mn+3.90%--
$#%
Forecast
2031$3,403 Mn+3.75%--
$#%
Forecast
2032$3,529 Mn+3.70%--
$#%
Forecast

Port of Antwerp-Bruges Throughput

266.5 million tonnes, 2025, Belgium. The gateway anchors maritime-forwarding economics and European hinterland connectivity. Containers were resilient, but approximately 25 days of industrial action caused an estimated 2.4 million tonnes of lost throughput.

Belgian Inland Waterway Freight

156 million tonnes, 2025, Belgium. Barge capacity is strategically important for port-hinterland decarbonization and congestion relief. Containerized inland-waterway cargo represented 14.1 million tonnes in 2025, indicating a material multimodal revenue pool despite weaker annual volumes.

Brussels + Liège Air Cargo

approximately 2.12 million tonnes, 2025, Belgium. Air forwarding provides an attractive high-value counterweight to slower bulk flows. Brussels Airport cargo increased 8.5%, while Liège Airport reported approximately 14% growth to 1.325 million tonnes.

CHAPTER 6 - Segmentation

Market Segmentation Framework

Comprehensive analysis across key dimensions providing insights into market structure, shipper preferences, service economics and distribution patterns.

No of Segments

7

Dominant Segment

Mode of Transport

Fastest Growing Segment

End-Use Industry

Service Type

Core Freight Forwarding
$%
Customs and Documentation
$%
Project and Specialized Forwarding
$%
Value-Added Logistics Coordination
$%

Mode of Transport

Sea Freight Forwarding
$%
Road Freight Forwarding
$%
Air Freight Forwarding
$%
Rail and Inland Waterway Forwarding
$%

Shipment Flow

International Import
$%
International Export
$%
Transit and Transshipment
$%
Domestic Forwarding
$%

Customer Type

Multinational Shippers
$%
Large Belgian Enterprises
$%
Mid-Market Shippers
$%
Small Cross-Border Businesses
$%

End-Use Industry

Manufacturing and Chemicals
$%
Wholesale and Retail
$%
Automotive and Mobility
$%
Healthcare and Life Sciences
$%

Business Model

Asset-Light Forwarder
$%
Integrated Logistics Provider
$%
Digital Forwarding Model
$%
Specialist Forwarder
$%

Geography

Antwerp-Bruges Corridor
$%
Brussels-Brucargo Corridor
$%
Liège-Wallonia Corridor
$%
Ghent and North Sea Corridor
$%

Key Segmentation Takeaways

Comprehensive analysis across all extracted segmentation dimensions provides insights into market structure, shipper preferences, route economics and competitive differentiation.

Mode of Transport

Mode is the primary determinant of forwarding economics because Belgium combines a globally significant maritime gateway with dense European road connections, substantial inland waterways and two major air-cargo platforms. Sea Freight Forwarding is structurally dominant due to Antwerp-Bruges container density, while modal orchestration increasingly differentiates integrated providers capable of shifting cargo when congestion, service reliability or carbon costs change.

End-Use Industry

End-use specialization is becoming the strongest growth differentiator as forwarders move toward higher-value vertical solutions rather than generic capacity brokerage. Healthcare and Life Sciences is the most attractive Level-2 growth segment because Belgium combines pharmaceutical manufacturing, temperature-sensitive exports and high-value air cargo. Wholesale and Retail also benefits from replenishment complexity, e-commerce inventory movements and cross-border distribution requirements.

CHAPTER 7 - Regional Analysis

Regional Analysis

Belgium is smaller in absolute freight-forwarding revenue than Germany and France but has disproportionate gateway intensity because Antwerp-Bruges, Brussels Airport and Liège Airport serve cargo far beyond domestic consumption. The country's position is therefore best assessed against neighbouring logistics economies rather than a broad European regional aggregate.

Focus Country Ranking

4th among selected neighbouring peers

Focus Country Market Size

USD 2.74 Bn (2025)

Belgium CAGR (2025-2032)

3.68%

Regional Analysis (Current Year)

Regional Analysis Comparison

MetricBelgiumGermanyFranceNetherlandsLuxembourg
Market SizeUSD 2.74 BnUSD 18.77 BnUSD 13.96 BnNot directly comparable publiclyNot publicly verified
CAGR (%)3.68%7.30%5.40%5.10% reported by public secondary research-
Primary Freight Demand BaseChemicals, manufacturing, retail, pharmaceuticalsAutomotive, machinery, chemicals, retailManufacturing, retail, aerospace, healthcareTrade distribution, chemicals, food, retailHigh-value industrial and cross-border cargo
Primary Gateway StrengthAntwerp-Bruges, Brussels, LiègeDense road-rail network and major seaportsLarge domestic network and Atlantic-Mediterranean portsRotterdam and SchipholCentral European road and air connectivity

Market Position

Belgium ranks below Germany and France by forwarding revenue, yet its USD 2.74 billion 2025 market is supported by unusually high international transit intensity for its economic size.

Growth Advantage

Belgium's 3.68% 2025-2032 base-case CAGR trails current published outlooks for Germany and France, positioning Belgium as a mature, gateway-led market where specialization and productivity matter more than headline expansion.

Competitive Strengths

Belgium combines 266.5 million tonnes of Antwerp-Bruges throughput in 2025, major pharmaceutical cargo capabilities and dense barge-road-rail links, creating a defensible multimodal forwarding proposition.

CHAPTER 8 - INDUSTRY ANALYSIS

Growth Drivers, Challenges & Opportunities

Comprehensive analysis of key factors shaping the Belgium Freight Forwarding Market, including growth catalysts, operational challenges and emerging opportunities across international trade, multimodal transport and shipper segments.

Growth Drivers

High-Density Maritime Gateway Economics

  • Container throughput increased 0.7% in TEU terms (2025, Belgium) despite weaker overall port tonnage, preserving forwarding demand for FCL, LCL, customs and hinterland coordination.
  • The United States became the port's largest trade partner with 31.3 million tonnes (2025, Belgium), supporting transatlantic forwarding lanes and tariff-compliance services.
  • Port of Antwerp-Bruges hosts more than 1,400 companies (2025, Belgium), creating dense shipper, carrier, customs and logistics ecosystems that lower customer-acquisition and coordination costs.

Air-Cargo Growth in High-Value Verticals

  • Brussels Airport handled 795,000 tonnes (2025, Belgium), supporting pharmaceuticals, express cargo, perishables and time-sensitive industrial shipments where forwarding margins are service-driven.
  • Liège Airport processed approximately 1,324,579 tonnes (2025, Belgium), strengthening Belgium's position in freighter-led express and e-commerce logistics.
  • Liège cargo volume increased around 14% year on year (2025, Belgium), creating opportunities for forwarders with block-space procurement, customs and time-critical distribution capabilities.

Customs Digitalization and Compliance Intensity

  • Road and rail operators became subject to enhanced pre-arrival ENS requirements from 2025 (EU), increasing demand for forwarders capable of accurate master and house-level data management.
  • Belgium's IRP launched on 1 April 2025 (Belgium), creating a digital link between customs, terminals, shipping agents, declarants and logistics providers.
  • Some 60-70 customs agents and logistics providers (May 2025, Belgium) had already begun voluntary IRP onboarding, accelerating differentiation between digitally integrated and manual operators.

Market Challenges

Port Congestion and Labour Disruption

  • Industrial action was associated with an estimated 2.4 million tonnes of lost throughput (2025, Belgium), increasing demurrage, rebooking and exception-management costs for forwarders.
  • Antwerp-Bruges' Hamburg-Le Havre container share fell 1.2 percentage points to 29.3% (first nine months 2025), illustrating competitive consequences from congestion.
  • Overall Antwerp-Bruges maritime throughput declined 4.1% (2025, Belgium), reinforcing the need for variable-cost networks rather than forwarder dependence on continuous volume expansion.

Weakness in Inland and Industrial Freight Pools

  • Containerized inland-waterway freight fell 9.7% (2025, Belgium), reducing utilization in an important low-carbon hinterland channel.
  • Road freight carried by Belgian-registered heavy vehicles declined 5.5% in tonnes (2024, Belgium), indicating weakness in physical freight demand despite forwarding revenue resilience.
  • Port liquid-bulk volumes were affected by a 19% decline in oil-product throughput (2025, Antwerp-Bruges), reducing forwarding opportunities linked to selected energy and chemical flows.

Rising Carbon and Data-Compliance Costs

  • Maritime ETS coverage progresses to 100% of relevant reported emissions from 2026 onward, increasing carrier cost pass-through and carbon-accounting requirements for ocean forwarders.
  • ICS2 requires advance safety and security data for all transport modes (2025, EU), increasing software, master-data and exception-management expenditure.
  • Belgian import declarations shifted toward IDMS from 30 September 2025 (Belgium), raising transition costs for customs brokers and forwarding operators running legacy systems.

Market Opportunities

Pharmaceutical and Temperature-Controlled Forwarding

  • Forwarders can monetize premium compliance, monitoring and temperature-management services around Brussels' 795,000 tonnes of cargo (2025), rather than competing solely on base transport rates.
  • Integrated providers benefit because Belgian air-cargo growth reached 8.5% at Brussels Airport (2025), supporting high-frequency capacity procurement and specialized distribution networks.
  • Execution requires GDP-compliant processes, shipment visibility and reliable contingency routing; Brussels Airport's cargo momentum continued with 420,000 tonnes in H1 2026.

Multimodal Port-Hinterland Orchestration

  • Forwarders can capture orchestration margins by combining container barge, rail and road legs rather than selling isolated transport, with 14.1 million tonnes of inland container freight (2025) providing addressable scale.
  • Industrial shippers benefit from alternative routing when terminals or highways become constrained; 76% of Belgian road freight was for third parties in 2024, illustrating strong outsourcing of transport execution.
  • Infrastructure must support longer and interoperable freight movements; Regulation EU 2024/1679 governs the revised TEN-T framework supporting multimodal corridor investment.

Digital Customs and Control-Tower Services

  • Revenue can shift from transactional filing toward recurring customs-management and visibility contracts as IRP connects five major stakeholder groups (2025): customs, shipping agents, terminals, declarants and logistics providers.
  • Large shippers benefit from fewer data hand-offs and earlier exception resolution, while ICS2 coverage became network-wide across all modes from September 2025.
  • Opportunity realization depends on API integration and data quality; IRP reported almost 100% participation among shipping agents and terminal operators by May 2025.

CHAPTER 9 - Competitive Landscape

Competitive Landscape Overview

The Belgium Freight Forwarding Market is fragmented, combining multinational network forwarders with strong Belgian specialists. Competitive advantage rests on carrier procurement, customs execution, vertical specialization, multimodal access and digital visibility rather than physical transport ownership alone.

Market Share Distribution

DHL Global Forwarding
DSV
Kuehne+Nagel
GEODIS

Top 5 Players

1
DHL Global Forwarding
!$*
2
DSV
^&
3
Kuehne+Nagel
#@
4
GEODIS
$
5
&@$
Combined Share$%

Market Dynamics

Local Players70%
Regional/Int'l30%

8 new entrants in the past 5 years, indicating strong market attractiveness and growth potential.

Company Profiles (Top 10 Players)
Company Name
Market Share
Headquarters
Founding Year
Core Market Focus
DHL Global Forwarding
-Bonn, Germany1969Air, ocean, road, customs and project forwarding
DSV
-Hedehusene, Denmark1976Air, sea, road and integrated forwarding
Kuehne+Nagel
-Schindellegi, Switzerland1890Sea, air, road and vertical logistics
GEODIS
-Levallois-Perret, France1904Freight forwarding and integrated logistics
-Genk, Belgium1928Chemicals, healthcare and multimodal logistics
CEVA Logistics
-Marseille, France2007Air, ocean, ground, customs and project logistics
Ziegler Group
-Brussels, Belgium1908Road, air, sea and multimodal forwarding
Manuport Logistics
-Antwerp, Belgium-Ocean, air, road and specialized freight forwarding
Nippon Express
-Tokyo, Japan1937International air, ocean and project logistics
Expeditors
-Seattle, United States1979Air, ocean, customs and supply-chain services

Cross Comparison Parameters

The report provides detailed cross-comparison of key players across 10 performance parameters to identify competitive strengths and weaknesses.

1

Ocean and Air Freight Volume

2

Customs and Multimodal Network Coverage

3

Forwarding Revenue Growth

4

Operating Margin

Analysis Covered

Market Share Analysis:

Benchmarks operator scale across fragmented Belgian forwarding revenue pools.

Cross Comparison Matrix:

Compares networks, volumes, vertical depth, profitability and service capabilities.

SWOT Analysis:

Assesses scale advantages, specialization, technology gaps and operational exposures objectively.

Pricing Strategy Analysis:

Evaluates contract, spot, surcharge and value-added service pricing models.

Company Profiles:

Reviews Belgian presence, capabilities, specialization and strategic competitive positioning.

CHAPTER 10 - REPORT TOC

Table of Contents

85Pages
34Chapters
10Companies Profiled
7Segmentation Types

Phase 1
Market Assessment Phase

11

Chapters

Supply-side and competitive intelligence covering market sizing, segmentation, competitive dynamics, regulatory landscape, and future forecasts.

Phase 2
Go-To-Market Strategy Phase

15

Chapters

Entry strategy evaluation, execution roadmap, partner recommendations, and profitability outlook.

Complete Report Coverage

201+ detailed sections covering every aspect of the market

143

Assessment Sections

58

Strategy Sections

CHAPTER 11 - Our Approach

Research Methodology

Desk Research

  • Mapped Belgian freight forwarding revenues
  • Reviewed port and cargo statistics
  • Assessed customs regulatory transitions
  • Benchmarked multimodal freight activity indicators

Primary Research

  • Interviewed freight forwarding country managers
  • Consulted customs operations directors
  • Engaged shipper logistics procurement heads
  • Interviewed air-ocean product managers

Validation and Triangulation

  • Validated insights across 312 respondents
  • Cross-checked modal demand indicators
  • Reconciled operator revenue benchmarks
  • Stress-tested freight yield assumptions

CHAPTER 12 - FAQ

FAQs

Still have questions?

Our research team is here to help you find the right solution

Contact Research Team

CHAPTER 13 - Related Research

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