In 2023, Belgium's import of rosin and resin acids stood at an actual value. Forecasts for the period 2024 to 2028 indicate a decreasing trend. The import value is projected to drop from 30.471 million USD in 2024 to 19.069 million USD in 2028. This presents a year-on-year decline of approximately 9.7% for 2024-2025, 10.5% for 2025-2026, 11.4% for 2026-2027, and 12.7% for 2027-2028. The compound annual growth rate (CAGR) for these five years suggests an average annual decrease of 10.7%.
Future trends to watch for:
• Changes in global supply chain dynamics affecting raw material availability
• Regulatory shifts impacting the import policies
• Technological advancements in resin and rosin product substitutes
• Economic factors such as changes in commodity prices and exchange rates
