Belgium's import of parts of refrigerating or freezing equipment stood at 16.011 million kilograms in 2023. The year-on-year variation for 2022 was -1.29%, while for 2023, it was -1.28%. Over the last 5 years (2019-2023), the CAGR was -0.55%. Looking ahead to 2028, the forecasted CAGR is -1.11%, indicating a consistent decline in import volume. The forecasted overall decline from 2023 to 2028 is -5.42%.
Key trends to watch for include:
- An overarching trend of slight decline in import volumes.
- Potential market shifts due to technological advancements in refrigerating and freezing equipment.
- Impact of regulatory changes and environmental policies affecting the demand for spare parts.