The import of manganese oxides to Belgium experienced significant fluctuations from 2013 to 2023. After a peak in 2013, imports saw a general downward trend until 2015. Subsequently, there was a recovery period from 2016 to 2018, with values stabilizing until a slight dip in 2020. However, 2021 marked a strong recovery, continuing through to 2023 where imports stood at 66.739 million USD, indicating a positive growth trajectory.
The most recent year-on-year variations show a modest growth of 1.9% from 2022 to 2023. Over the last five years, the compound annual growth rate (CAGR) has been a modest but positive 1.09%, reflecting a slow but steady recovery in import volumes. Forecasts from 2024 to 2028 predict a sustained growth pattern, with a 5-year forecasted CAGR of 1.47%, and overall growth reaching 73.246 million USD by 2028, up 7.55% from 2023.
Future trends to watch for include the stability and growth of the manufacturing sector which relies on manganese oxides, global market trends affecting raw material prices, and international trade policies that might impact import volumes. The increasing demand for manganese in green technologies and battery manufacturing could also play a critical role in shaping the import landscape.
