The import of paints, varnishes, printing ink, and mastics to Belgium was recorded at 675 million kilograms in 2023. The forecasted data indicates a steady increase in imports from 2024 to 2028. The values are as follows:
2024: 685.8 million kilograms
2025: 700.78 million kilograms
2026: 715.6 million kilograms
2027: 730.28 million kilograms
2028: 744.82 million kilograms
The year-on-year percentage variations show a consistent growth upwards. From 2023 to 2024, the increase is 1.59%. For subsequent years: 2024 to 2025 (2.18%), 2025 to 2026 (2.12%), 2026 to 2027 (2.05%), and 2027 to 2028 (2.00%).
Considering the Compound Annual Growth Rate (CAGR) over the 5-year period from 2023 to 2028, the average annual growth rate stands at approximately 2%. This reflects a solid and predictable increase in the importation volumes annually.
Future trends to watch for include industry innovations that might drive efficiency and product demand, international trade policies that could impact import activities, and potential shifts in economic activities within Belgium or its trading partners that would affect consumption patterns.
