Based on the forecasted data, the import value of aircraft propellers, rotors and parts thereof to Belgium is expected to decrease steadily from 2024 to 2028. Starting at $14.556 million in 2024, the value declines each year to $10.855 million by 2028. Previously, in 2023, the actual value stood at $15.642 million.
The year-on-year variations are as follows:
- 2025: -6.55% relative to 2024
- 2026: -6.86% relative to 2025
- 2027: -7.23% relative to 2026
- 2028: -7.63% relative to 2027
The Compound Annual Growth Rate (CAGR) over the forecasted five-year period (2024-2028) indicates an average annual decline of approximately 6.96%.
Future trends to watch for include technological advancements in aircraft parts that may alter demand, changes in international trade policies and regulations, and potential shifts in airline fleet management strategies that might impact import levels. Monitoring these factors can provide early indication of market adjustments and opportunities for strategic alignment.
