Belgium has experienced significant fluctuations in its import of bicycle brakes and parts thereof over the years. From a high of 433.82 thousand kilograms in 2013, the import volume decreased notably, hitting a low of 209.54 thousand kilograms by 2023. This reflects a consistent decline with some sporadic rebounds, such as the peak in 2016. Particularly, the overall trend from 2013 to 2023 indicates a compounded annual decrease, accentuated by steep reductions from 2014 onwards.
Year-on-year variations highlight a significant volatility: a major drop of 30.95% in 2014, a spike of 266.46% in 2016, and consistent decreases from 2018 to 2023. Notably, the imports shrank by 10.25% in 2021, by 15.42% in 2022, and by 12.35% in 2023. The forecast for the coming years suggests a stark decline, with the volume projected to drop to 56.04 thousand kilograms by 2028, marking an average annual decrease of 20.64%.
The ongoing reductions in imports signal changes in local demand, manufacturing capabilities, or shifts towards domestic production and alternative technologies. Future trends to watch for include the increasing adoption of electric bicycles, which may demand different brake components, and potential policy shifts favoring local manufacturing to reduce dependencies on foreign imports.
