Key Market Indicators
Belgium's aromatic imports are projected to reach approximately $6.13 million by 2028, up from $6 million in 2023. This represents an average annual growth rate of 0.4%. However, since 2004, the demand for aromatics in Belgium has experienced a slight decline of 0.4% per year. On the export front, Belgium's aromatic exports are expected to drop to around $308,000 by 2028, down from $415,000 in 2023. This translates to a compound annual growth rate (CAGR) of -4.7%. Since 2004, the country's aromatic supply has decreased by 0.3% annually. In 2023, Belgium ranked 15th in aromatic exports, with Singapore surpassing it with the same export value of $415,000. The top three in this ranking were China, India, and Japan, respectively.
