In 2023, Belgium imported 6.3060 million kilograms of pigments for paints and dyes packaged for retail. With a steady growth forecast, the import values are expected to increase to 6.4527 million kilograms in 2024, 6.6065 million kilograms in 2025, 6.7571 million kilograms in 2026, 6.9048 million kilograms in 2027, and 7.0495 million kilograms in 2028.
An analysis of year-on-year variations shows a consistent upward trend: a 2.31% increase from 2023 to 2024, a 2.38% increase from 2024 to 2025, a 2.28% increase from 2025 to 2026, a 2.19% increase from 2026 to 2027, and a 2.09% increase from 2027 to 2028. Over the five-year period from 2023 to 2028, the Compound Annual Growth Rate (CAGR) is approximately 2.25%.
Future trends to watch for include the impact of technological advancements in pigment production, shifts in environmental regulations affecting the chemicals industry, and potential changes in trade policies. Monitoring these factors will be crucial for accurately forecasting market dynamics.
