The aerospace industry export market share in Belgium stood at 0.52 in 2023, with the forecasted data showing a slight decline over the next five years. In 2024, the share is predicted to be 0.51, then plateau at 0.50 for 2025, 2026, and 2027. By 2028, it will slightly decrease again to 0.49. Year-on-year variations indicate a -1.92% change from 2023 to 2024, a -1.96% change from 2024 to 2025, and negligible fluctuations from 2025 through 2027 before another -2.00% drop in 2028. The compound annual growth rate (CAGR) over these years reveals a steady average decline of -0.96% per year.
Future trends to watch for include potential technological advancements or regulatory changes that could impact Belgium's competitive position in the aerospace sector. Additionally, global economic conditions and shifts in international trade policies could further influence market share dynamics.
