Belgium's copper imports have shown significant volatility from 2013 to the forecasted year of 2028. The value of imports in 2023 stood at 342.26 million kilograms. Between 2013 and 2023, the copper import trend was marked by sharp rises and falls, with a notable increase in 2018 (24.16%) and a major decline in 2019 (-22.6%). Recent data (2022-2023) shows a slight decrease of 0.64%, while the last five years exhibit a compound annual growth rate (CAGR) of -0.38%. Looking forward, a projected decrease in imports is expected, with a forecasted five-year CAGR of -0.51% and a decline of 2.51% by 2028.
Future trends to watch for:
- Global economic shifts affecting copper demand and supply chains.
- Advancements in copper alternatives and recycling technologies.
- Policy changes impacting import tariffs and regulations.
