Forecast: Import of Iron Ore to Belgium

The forecast for Belgium's iron ore imports from 2024 to 2028 shows a consistent downward trend. The value in billion kilograms is set to decrease each year from 6.7328 in 2024 to 6.3439 in 2028. This indicates a year-on-year percentage decline which averages around 1.43% over the observed period. Historically, Belgium imported about 6.83 billion kilograms in 2023, marking a clearer perspective on the decreasing import trend.

Future trends to watch for include potential fluctuations in global iron ore demand, changes in Belgium's domestic steel production needs, and international trade policies. Additionally, advancements in alternative materials or recycling efficiencies could further impact future iron ore import volumes.

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