The import of automatic non-food goods-vending machines to Belgium displays significant fluctuations throughout the years. In 2023, the import value stood at 11.254 million USD. Notably, from 2013 to 2017, there was a declining trend with notable yearly drops, which reached its lowest point in 2017, followed by a moderate recovery phase starting in 2018. From 2018 to 2023, the trends became more stable with modest year-on-year variations. Over the last two years, the variation was 0.12% in 2023 and -4.64% in 2022. The five-year average growth rate (CAGR) until 2023 was approximately -0.81%. Future forecasts from 2024 to 2028 project a minimal growth trajectory, with a forecasted 5-year CAGR of approximately 0.05% and a shallow forecast growth rate of 0.24%.
Future trends to watch for:
- Technological advancements potentially boosting the demand for advanced vending machines.
- Shifts in consumer behavior towards contactless transactions, possibly influencing import demand.
- Economic uncertainties and supply chain dynamics affecting import volumes.
- Environmental regulations and sustainability trends possibly impacting the types of machines imported.
