In 2023, the import of glass fibres and glass wool to Belgium stood at 315.85 million USD. Analyzing year-on-year variations, the value rose modestly, with a 0.45% increase in 2022 and a 0.44% increase in 2023. Over the past five years, the compound annual growth rate (CAGR) was 0.44%. The import trend was inconsistent over the decade, experiencing significant declines in 2015 and 2020, with notable growth surges in 2014 and 2021.
Projected data indicate a stable yet modest growth, with the value expected to rise to 323.02 million USD by 2028, forecasting a five-year CAGR of 0.35% and an overall growth of 1.78% during the forecast period.
Future trends to watch for:
- Potential market disruptions due to geopolitical and economic conditions.
- Technological advancements in glass fibre and wool production.
- Evolving trade policies impacting imports.
- Sustainability initiatives and demand shifts towards eco-friendly materials.
