Based on the forecasted data, the import value in million US Dollars is as follows: 2024: 104.89, 2025: 102.05, 2026: 99.262, 2027: 96.533, 2028: 93.858. The year-on-year variations are: 2025: -2.71%, 2026: -2.74%, 2027: -2.75%, 2028: -2.77%. Additionally, the Compound Annual Growth Rate (CAGR) over the next five years is approximately -2.75%.
The projected decrease in imports of leather clothing accessories to Belgium indicates a cautious market outlook. Factors worth monitoring include global economic conditions, shifts in consumer preferences towards sustainable fashion, and potential trade policy changes which may impact the leather industry.
