The import of glass fibre filaments to Belgium has varied significantly over the past decade. In 2023, the volume stood at 57.592 million kilograms. There has been a mixture of both growth and decline in year-on-year changes, with notable peaks such as the 51.3% increase in 2016 and the 90.44% surge in 2020. On the other hand, significant drops were observed, like the 24.64% decrease in 2021. The compound annual growth rate (CAGR) for the past five years shows a moderate average variation of 3%, indicating relative stability.
Looking ahead, forecasts suggest a steady upward trend with a forecasted 5-year CAGR of 1.44%, culminating in a 7.4% growth rate by 2028, reaching an estimated 63.047 million kilograms.
Future trends to watch for include:
• Advancements in glass fibre technology impacting import volumes.
• Regulatory changes affecting trade and import practices.
• Economic conditions influencing the demand for glass fibre-based products.
• Potential shifts in global supply chains impacting Belgium's import sources.
Monitoring these factors will be crucial for accurately predicting and understanding future import trends of glass fibre filaments in Belgium.
