The import of Vitamin E to Belgium has shown significant fluctuations over the past decade. Between 2013 and 2015, there was a sharp decline, with values dropping from 75.379 million USD to 33.043 million USD. This downward trend saw some recovery in 2016 and 2018, but overall the value of imports has continued to decline. In 2023, the value stood at 38.142 million USD. Over the last two years, the imports decreased by 2.89% year-on-year, while the long-term 5-year CAGR stands at -4.24%. Forecasts suggest a continued decline with a 5-year CAGR of -2.44%, predicting a value of 32.998 million USD by 2028.
Future trends to watch for:
- Potential changes in global supply chains affecting import prices.
- Shifts in local demand for Vitamin E due to health trends or regulatory changes.
- Economic factors impacting purchasing power and import duties in Belgium.
