Over the past decade, Belgium's import of sheet-fed, office offset printers has seen significant fluctuations. The import value surged in 2014 with a remarkable year-on-year increase of 554.38%, falling sharply thereafter in 2015 and 2016. The period between 2017 and 2018 witnessed a strong recovery, fueled by significant year-on-year growth rates. However, this trend did not sustain in subsequent years, with imports declining notably in 2019 and 2020, before stabilizing slightly from 2021 through to 2023. In 2023, the import value stood at 191.14 Thousand US Dollars.
Year-on-year variation over the last two years shows a moderate increase, with the value in 2023 rising by 0.22% compared to the previous year. The Compound Annual Growth Rate (CAGR) over the last five years averaged at a slight decline of 1.58%, indicating volatility in the market.
Looking forward, the forecasted data suggests a stable and marginal upward trend, with a five-year forecasted CAGR of 0.18% and a total growth rate of 0.88% by 2028. Future trends to watch include technological advancements and the shift towards digital printing, which may impact demand for traditional offset printers.
