Key Market Indicators
Belgian aerospace imports are projected to climb to approximately $3.6 billion by 2028, up from around $3.1 billion in 2023. This represents an average annual growth rate of 2.4%. Since 1993, Belgium's demand in this sector has seen a robust year-on-year increase of 6.6%. In 2023, Belgium ranked 11th globally for aerospace imports, with Poland narrowly leading at a similar $3.1 billion. Singapore, Ireland, and Canada took the second, third, and fourth spots respectively in this ranking. On the export front, Belgium's aerospace sector is expected to reach about $2.9 billion by 2028, rising from approximately $2.6 billion in 2023. This indicates an average annual growth rate of 1.4%. However, since 1993, Belgian aerospace exports have experienced a slight annual decline of 0.1%. In 2023, Belgium stood 13th globally in aerospace exports, just behind Israel, which also posted around $2.6 billion. France, Germany, and Singapore held the second, third, and fourth positions in this category.
