The import volume of parts and accessories for string musical instruments to Belgium witnessed significant fluctuations between 2013 and 2023. From a peak in 2013, the volume dropped drastically by 78.62% in 2014, rebounded in 2016 with an increase of 156.56%, but has experienced a general downward trend since. By 2023, the import volume stood at 40.83 thousand kilograms. The recent two-year variations indicate consistent declines: -11.12% in 2022 and -12.26% in 2023. The 5-year CAGR from 2018 to 2023 was -20.44%, illustrating a sharp annual decrease.
Future trends show the import volume may continue to decline, with forecasts projecting a substantial reduction to 11.02 thousand kilograms by 2028. Factors to watch include global supply chain issues, changes in musical instrument popularity, and potential shifts in trade policies that may affect import volumes.
