Belgium's import of softwood plywood has shown fluctuations over the past decade. From a peak of over 80 million USD in 2013, the value fell to a low of 57 million USD in 2016 but grew steadily again thereafter. By 2023, the value stood at approximately 87.201 million USD. The YoY variation reveals periods of both growth and decline, with significant peaks in 2018 and 2021 (29.45% and 16.09% respectively). Over the past five years, the CAGR was -0.19%, indicating slight annual contraction despite positive YoY growth in some years.
From 2024 onwards, softwood plywood imports are forecasted to increase gradually with a 1.06% CAGR, reaching approximately 92.934 million USD by 2028.
Future trends to watch for:
- Potential market fluctuations due to economic changes.
- Impact of trade policies and tariffs on import volumes.
- Increased demand for sustainable construction materials.
- Technological advancements in plywood manufacturing.
