12 / 01 / 2009
BELGIAN airfreight is predicted to ride out the global slump in demand, according to market researcher, Mike King.
“Our overall forecast for freight carried in Belgium is for continuing moderate growth based on a mature industry, good infrastructure, a supportive economic growth rate, and the country’s openness to foreign trade,” he said.
“With an annual average growth of 6.5%, the sector will come through another period of relative turbulence, caused by a new peak in energy costs.”
He did warn of casualties though: “There is a possibility that as a smaller European carrier, Brussels Airlines, will be absorbed in the next round of regional consolidation, but this will not necessarily be negative for airfreight volume growth, and could conceivably boost it further.”
The report Belgium Freight Transport Report Q1 2009 can be bought from www.companiesandmarkets.com