Analyzing the period from 2013 to 2023, Belgium's total imports of engineered wood saw significant volatility. The import volume in 2023 stood at approximately 549 thousand cubic meters, reflecting a slight year-on-year increase of 2.29% from 2022. This modest uptick followed a substantial decline of 26.49% in the previous year, indicating recovery. The five-year CAGR up to 2023 was notably negative at -24.85%, suggesting a downward trend since the peak years of 2017-2019.
Forecasts from 2024 to 2028 predict a gradual rise, with the volume expected to reach 604 thousand cubic meters by 2028, implying a forecasted five-year CAGR of 1.51%. This suggests a stabilized growth trajectory in the near term, after the sharp declines of the recent past. Future trends to watch include potential impacts of sustainability regulations, economic shifts in the European market, and advancements in engineered wood technology, which could influence import patterns.
