The import of cotton woven fabrics to Belgium shows a declining trend from 2024 to 2028. The projected import volumes are 102.91 million square meters in 2024, decreasing to 38.91 million square meters by 2028. Comparing to previous years, the forecasted values for 2024 stand significantly lower than the import volume for 2023. The year-on-year variations suggest a steady decline, indicating a downturn in the import market for cotton woven fabrics. Specifically, the import volume decreases by approximately 15.8% from 2024 to 2025, by 18.5% from 2025 to 2026, by 22.6% from 2026 to 2027, and by 28.8% from 2027 to 2028. The compounded annual growth rate (CAGR) signifies an average decline of around 20% per year over the five-year forecast period.
Future trends to watch for include potential shifts in consumer preferences towards alternative materials, changes in international trade policies, and sustainability-driven initiatives which may significantly impact the import volumes of cotton woven fabrics. Additionally, market players should monitor advancements in textile technologies and production efficiencies that could alter the competitive landscape.