Key Market Indicators
Belizean metal products exports are projected to decline significantly over the next five years. By 2028, exports are expected to drop to approximately $181,000, down from around $212,000 in 2023. This represents an average annual decrease of 2.5%. Historical data reveals that since 1997, Belize's metal product supply has been shrinking at an average rate of 6.3% per year. In contrast, Belizean metal products imports are on an upward trajectory. By 2028, imports are forecasted to reach nearly $5.2 million, an increase from about $4.9 million in 2023. This growth translates to an average annual increase of 1%. Since 1997, the demand for metal products in Belize has risen annually by an average of 1.9%.
