The import of Ferro-Silico-Manganese to Belgium shows a decreasing trend from 2024 to 2028. In 2023, the volume stood at a higher level, but there is a projected decline each year: 16.284 million kg in 2024, 14.569 million kg in 2025, 12.889 million kg in 2026, 11.242 million kg in 2027, and 9.628 million kg in 2028. The year-on-year percentage decline indicates an ongoing decrease each year.
Key Trends Over Specific Periods:
- 2024-2025: Approximately -10.55%
- 2025-2026: Approximately -11.54%
- 2026-2027: Approximately -12.77%
- 2027-2028: Approximately -14.33%
Compound Annual Growth Rate (CAGR) over the 5-year period (2024-2028) shows a negative trend, highlighting an annual average decrease each year.
Future trends to watch for include the global demand for Ferro-Silico-Manganese, potential changes in European Union import regulations, technological advancements in metallurgy, and shifts in the steel industry production methods. Monitoring these factors will be crucial in predicting future import volumes.
