The import of automatic goods vending machines to Belgium has experienced fluctuating trends over the past decade. In 2023, the import value stood at $33.382 million. Between 2013 and 2023, the import values saw significant variations, ranging from a peak of $42.529 million in 2014 to a low of $28.539 million in 2015. Recent years, however, indicate a stabilization with minor year-on-year changes.
For the period 2022 to 2023, there was a modest increase of 0.18% in import value. Looking at the 5-year CAGR from 2019 to 2023, the average annual variation was a slight growth of 0.32%. Focusing on forecasted data, the import values are expected to grow mildly, with a forecast 5-year CAGR of 0.09%, projecting the value to reach $33.738 million by 2028. The cumulative growth rate over these five years is estimated at 0.47%.
Future trends to watch for include advancing technology in vending machines, which might lead to increased imports due to newer models and capabilities. Additionally, economic factors and consumption patterns in Belgium will play a crucial role in shaping the demand for automatic vending machines.
