Forecast: Import of Polymers of Propylene to Belgium

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.