Analyzing the forecasted data for the import of polymers of styrene to Belgium from 2024 to 2028, we observe a consistent annual increase in import value. The significant rise from $435.58 million in 2024 to $466.39 million in 2028 reflects a stable growth trend. In 2023, the actual value stood at $428.00 million, indicating a steady upward trajectory starting from 2024.
Year-on-year variation percentages can be summarized as:
- 2024 to 2025: +1.8%
- 2025 to 2026: +1.8%
- 2026 to 2027: +1.7%
- 2027 to 2028: +1.6%
The compound annual growth rate (CAGR) for this period is approximately 1.7%, showcasing a modest, yet consistent growth pattern.
Future trends to watch for include potential shifts in global trade policies, technological advancements in polymer production, and evolving environmental regulations that could impact the import dynamics of polymers of styrene. Additionally, market demand fluctuations and economic conditions in the European Union will be pivotal in shaping future import trends.