The import value of cotton waste to Belgium has shown variability over the years. After a peak in 2013, the value decreased significantly in 2014, followed by moderate fluctuations. Since 2017, a more consistent pattern is observed, with minor year-on-year changes and steady annual growths. As of 2023, the import stood at 29.894 million US dollars. The last two years have seen slight increases with 1.85% and 1.78% year-on-year growths, respectively. The five-year CAGR from 2019 to 2023 was 1.25%, indicating gradual growth.
In future trends, the forecasted data suggest a stable increase in imports, with a five-year CAGR of 1.25% and an overall growth rate of 6.41% by 2028. Key trends to watch include potential international market shifts, trade regulations, and innovations in cotton recycling technology, which could impact demand and supply dynamics.