The forecasted import of woven fabrics of glass fibre to Belgium shows a consistent growth trend from 2024 to 2028. Starting in 2024 with 8.4313 million kilograms, the volume increases year by year, reaching 8.8602 million kilograms by 2028. Compared to the actual data from 2023, this growth indicates a steady market demand.
Year-on-year variations highlight moderate increases, with percentage changes averaging just above 1% annually from 2024 to 2028:
- 2024 to 2025: +1.29%
- 2025 to 2026: +1.27%
- 2026 to 2027: +1.23%
- 2027 to 2028: +1.20%
The CAGR over the five-year forecast period shows an anticipated average annual variation of about 1.25%, indicating a stable upward trend.
Future trends to watch for include technological advancements in the glass fibre industry, potential new regulations affecting production or import duties, and shifts in demand due to economic conditions in Belgium and globally. Additionally, monitoring the impact of sustainability initiatives will be crucial as they could significantly influence production processes and material sourcing.
