In 2023, the actual import of Polymers of Propylene to Belgium stood at 1.742 billion USD. The forecasted data from 2024 to 2028 shows a steady increase in the import value. The year-on-year variation indicates a consistent growth pattern: 1.26% from 2024 to 2025, 1.22% from 2025 to 2026, 1.18% from 2026 to 2027, and 1.14% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is 1.20%, suggesting a moderate but stable upward trend in the import value of Polymers of Propylene to Belgium.
Future trends to watch for:
- Changes in global oil prices, which could impact the cost of raw materials.
- Trade policy adjustments, including tariffs or trade agreements, may affect costs and volumes.
- Technological advancements in polymer production leading to more efficient processes.
- Environmental regulations influencing the demand and sourcing of propylene polymers.
- Market demand fluctuations in key industries such as automotive and packaging.