The import of adhesives based on rubber or plastic to Belgium has shown significant fluctuations over the years. In 2023, the volume stood at 24.46 million kilograms. Over the last two years, the year-on-year variations were 2.65% for 2022 and -2.49% for 2023. The 5-year compound annual growth rate (CAGR) was -2.47%, indicating a general downward trend.
From 2013 to 2023, imports generally trended downward, with notable drops in specific years such as 2015, 2017, and 2020. However, there were occasional increases, such as in 2016 and 2021, showing the market's volatility.
Forecasts indicate a continued decline through 2028, with a 5-year CAGR forecast of -2.26% and an expected overall reduction of 10.82%. Beyond this, industry stakeholders should watch for factors like changes in local manufacturing capacities, technological advancements in adhesive formulations, and shifts in trade policies.
