The export volume of compressors for refrigerating equipment from Belgium stood at 14.945 million kilograms in 2023. It has shown variability over the past years, peaking intermittently between growth and decline phases. The recent trend saw negative growth rates, with year-on-year declines of 3.27% in 2022 and 3.32% in 2023. The compound annual growth rate (CAGR) over the past five years was -4.44%, reflecting a consistent downward trajectory.
Forecasts suggest a continued decline at an average annual rate of 3.13%, with the export volume expected to fall to 12.267 million kilograms by 2028, representing a cumulative decrease of approximately 14.7% from 2023.
Future trends to watch for include potential impacts of technological advancements, shifts in global trade policies, and emerging markets for refrigerating equipment that may influence export dynamics.
