In 2023, the import value of ferro-alloys to the Netherlands stood at 841.3 million US dollars, indicating a slight year-on-year increase of 0.29% from 2022. Over the past two years, the import value has seen a moderate rise from 836.41 million US dollars in 2021. The Compound Annual Growth Rate (CAGR) over the last 5 years (from 2019) was 0.24%, suggesting a relatively stable but low growth trend.
Looking ahead, the forecast data suggests the import value will continue to exhibit subtle growth, reaching 853.95 million US dollars in 2028. The forecasted 5-year CAGR stands at 0.24%, reflecting a continuation of the current slow growth trajectory.
Future trends to watch for include potential fluctuations in global ferro-alloy prices, changes in trade policies, and technological advancements in the steel and alloy industries that may alter demand patterns. Additionally, economic factors such as inflation and exchange rate dynamics could impact import values in the coming years.
