The aerospace industry imports in Belgium saw varied growth from 2013 to 2023, standing at 3.13 Billion USD in 2023. Over the last decade, the imports fluctuated, peaking notably in 2019 and displaying a significant drop in 2020, likely due to pandemic-related disruptions. The variation stabilized post-2020, showing a positive trend with a 9.56% increase in 2023 and a remarkable 23.22% surge in 2022. Over the last five years, the compound annual growth rate (CAGR) stood at 6.55%.
From 2024 onwards, the imports are forecasted to consistently rise, reaching 3.64 Billion USD by 2028, reflecting a forecasted 2.4% CAGR over the next five years. This steady growth is indicative of a rebound and a more stable trajectory.
Future trends to watch for:
- Technological advancements and their impact on import volumes.
- Global geopolitical developments influencing trade flows.
- Environmental regulations affecting the aerospace supply chain.
