The import of parts of aircraft and spacecraft to Belgium stood at 531.97 million USD in 2023. Observing the data trend from 2013 to 2028, it shows fluctuations with a peak in 2014 and significant drops in 2015 and 2020. The import value exhibited growth again towards 2023.
Recent year-on-year variations indicate:
- 2022: 5.69% increase
- 2023: 0.39% increase
The Compound Annual Growth Rate (CAGR) for the last five years is 0.33%. Forecasting into the future, the CAGR over the next five years holds steady at 0.33% with a forecasted growth rate of 1.68% till 2028.
Future trends to watch for include potential changes in global aerospace manufacturing dynamics, technological advancements, and regulatory impacts which could bring variability to the import volumes and values.
