In 2023, the import of wood chips or particles to Belgium stood at 772.58 million kilograms. Forecasted data shows a steady increase in imports from 2024 to 2028. The year-on-year variations are as follows:
- 2024: 13.7%
- 2025: 14.0%
- 2026: 12.1%
- 2027: 10.7%
- 2028: 9.6%
The Compound Annual Growth Rate (CAGR) over the last five years is approximately 12%. This consistent growth can be attributed to increasing demand for renewable energy sources and raw materials for manufacturing sectors.
Future trends to watch for include potential regulatory changes, advancements in bioenergy technology, and shifts in global trade dynamics that may impact supply and pricing. Monitoring these factors will be crucial for stakeholders in the wood chips and particles market.
