The forecasted data for the import of paint, distemper, varnish brushes, and paint pads to Belgium from 2024 to 2028 reveals a steady upward trend. The imports in 2023 were 4.767 million kilograms. In 2024, imports are expected to rise to 4.833 million kilograms, marking a 1.38% year-on-year increase. By 2025, this growth continues with a 4.902 million kilograms import, a 1.42% increase from 2024. The trend continues with further increments of 1.38% in 2026, 1.33% in 2027, and 1.29% in 2028, reaching 5.1009 million kilograms.
On examining the average variation per year over the last five years, the compound annual growth rate (CAGR) stands at approximately 1.40%. This consistent growth suggests a stable demand for these products in Belgium.
Future trends to watch for include potential market saturation, shifts in consumer preferences towards alternative products, and the impact of economic factors or regulatory changes in the European Union which could influence market dynamics.