The import of Halogenated Derivatives of Hydrocarbons to Belgium has exhibited fluctuations over the past decade. The imports dropped significantly between 2013 and 2015, following a recovery phase marked by an increase between 2016 and 2018. However, 2019 saw a slight decline before a more pronounced drop in 2020. The following years showed a steady recovery, with a slight increase in 2021 and a moderate rise in 2022.
In 2023, the import value stood at $222.93 million, reflecting a modest increase of 1.33% from the previous year. Analyzing the last two years’ trends, 2022 and 2023 saw consistent growth, indicative of a stabilizing import market. The compound annual growth rate (CAGR) over the past five years (2019-2023) is a modest 0.34%, suggesting mild growth.
Future forecasts predict a continued upward trend, with the import value expected to reach $237.6 million by 2028, representing a 5-year CAGR of 1.06%. Over this period, the total growth is anticipated to be around 5.42%.
Future trends to watch for include potential shifts in global trade policies, advancements in alternative chemicals, and environmental regulations that might impact the demand and supply dynamics of Halogenated Derivatives of Hydrocarbons.
