Based on the forecasted data provided, the import values (in Million Square Meters) for the years are as follows:
- 2024: 24.155
- 2025: 26.18
- 2026: 28.185
- 2027: 30.17
- 2028: 32.135
Year-on-Year Percentage Variation:
- 2024-2025: +8.38%
- 2025-2026: +7.65%
- 2026-2027: +7.05%
- 2027-2028: +6.52%
Compound Annual Growth Rate (CAGR):
For the period 2024-2028, the CAGR is approximately 7.38%.
Future Trends to Watch
Over the next five years, the import of woven carpets and other woven textile coverings to Belgium is expected to maintain a positive growth trend. Factors such as economic stability, increased demand in home decor, and evolving consumer preferences for luxurious textile products will likely drive imports. Monitoring global trade policies and any disruptions in supply chains will be crucial for future forecasting accuracy.
