The import of polyurethanes to Belgium has shown fluctuating trends from 2013 to 2023. The volume stood at 45.499 million kilograms in 2023. This market witnessed both positive and negative year-on-year variations, with notable growth rates in certain years, such as 2014 (20.69%) and 2021 (16.83%), and a significant dip in 2020 at -15.21%. The last five years' compound annual growth rate (CAGR) prior to 2023 was relatively moderate at 2.03%.
Looking ahead, the forecast indicates a stable yet modest growth in the import of polyurethanes, reaching 49.83 million kilograms by 2028. The projected five-year CAGR is 1.49%, reflecting a steady market with a total growth rate of 7.67% over this period.
Future trends to watch for include:
- Technological advancements in polyurethane applications.
- Changes in trade policies affecting import regulations.
- Shifts in demand from key industries such as automotive, construction, and furniture.
- Developments in sustainable and eco-friendly polyurethane products.