The import of test benches for measuring or checking equipment to Belgium stood at 3.97 million USD in 2023. This segment has experienced a significant decline over the years, with a notable peak in 2013 at 12.14 million USD. The actual data indicate a fluctuating trend with years of both increase and decline, but the overall trajectory has been downward.
Year-on-year, the values have seen considerable variations—ranging from a sharp increase in some years (e.g., 21.16% in 2015 and 32.83% in 2018) to substantial drops in others (e.g., -41.38% in 2014 and -39.06% in 2017). The last two years (2022-2023) have shown a decline of -7.06% and -7.44%, respectively. Over the last five years, the segment has seen an average annual decrease (CAGR) of -7.74%.
The forecast for the coming years (2024-2028) reveals a continual downward trend, with a forecasted 5-year CAGR of -8.65%, projecting a decrease by 36.4% by 2028.
Future trends to watch for include technological advancements that may either revive the market or further lessen the need for imports. Additionally, changes in industry demand and potential economic factors will be crucial to monitor. The evolving landscape of domestic production capabilities and global trade policies will also significantly influence the import dynamics.
