The import of glass fibres to Belgium has seen various changes over the years. It experienced a steep decline in 2013 but began to recover gradually. The most significant growth occurred between 2019 and 2021, with a noticeable 19.48% increase in 2021. However, 2022 saw an 8.94% dip, followed by a modest 1.67% rise in 2023. As of 2023, imports stood at 219.75 million kilograms. The compound annual growth rate (CAGR) over the past five years up to 2023 was 6.72%, indicating steady growth. Forecasts predict a slowdown with a forecasted five-year CAGR of 1.22% and a 6.23% growth rate by 2028.
Future trends to watch for include potential market fluctuations due to economic factors, advancements in glass fibre technology, and changes in global trade policies. Monitoring these factors will be vital for understanding the market's trajectory over the coming years.
