The forecast for the import of agglomerated iron ore and concentrate to Belgium shows a steady increase from 263.9 million USD in 2024 to 304.57 million USD in 2028. Comparing this with the actual data from 2023, we see a strong upward trend in import values.
The year-on-year variations indicate a gradual increase of approximately 3-4% annually. Specifically, from 2024 to 2025, there's an estimated 4% increase, while from 2025 to 2026, the growth is around 3.75%. This growth continues consistently through to 2028.
Considering the Compound Annual Growth Rate (CAGR) over this five-year period, it averages around 3.8% per year.
Future trends to watch for include global iron ore prices, changes in steel production in Belgium, and developments in trade policies. High investment in infrastructure and technological advancements in the steel industry may also impact future import values positively.