Key Market Indicators
Belgian imports and exports of wool are both forecast to decline over the next five years. In 2021, Belgium imported wool worth $71 million, placing the country 26th in the global rankings. Canada was the top importer with $71 million, followed by Italy, Germany and the United Kingdom. Belgium's exports of wool totalled $94 million in 2021, placing the country 21st on the global rankings. Lithuania was the leading exporter with $94 million, followed by China, Italy and Germany. On average, imports of wool into Belgium are expected to decrease by 9.1% year-on-year over the period 2021-2026, while exports are projected to fall by 3.9% year-on-year over the same period. Since 2004, the country's imports of wool have decreased by 7.9% year-on-year, and its exports have fallen by 4.8%.
