The import of synthetic organic pigments and preparations based thereon to Belgium is projected to increase gradually from 334.32 million USD in 2024 to 352.72 million USD in 2028. The actual value in 2023 stood at 330 million USD. This reflects a year-on-year growth of approximately 1.4% from 2023 to 2024, 1.4% from 2024 to 2025, 1.4% from 2025 to 2026, 1.3% from 2026 to 2027, and 1.3% from 2027 to 2028. The compound annual growth rate (CAGR) for the period 2024 to 2028 is approximately 1.4%.
Future trends to watch for include:
- Technological advancements in pigment production leading to cost efficiencies.
- Shifts in global supply chains affecting import dynamics.
- Environmental regulations impacting production and import practices.
