Key Market Indicators
Belgium's importation of non-ferrous metals is projected to decline to approximately 2.56 million metric tons by 2028, down from 2.61 million metric tons in 2023. This represents an annual decrease of 0.3%. Since 1995, the country's demand has fallen by an average of 1.2% annually. In 2023, Belgium ranked 10th globally in non-ferrous metal imports, with the United Kingdom slightly ahead at 2.61 million metric tons. Spain, France, and Norway occupied the second, third, and fourth positions, respectively. On the export front, Belgium is expected to see its non-ferrous metal exports decrease to around 1.87 million metric tons by 2028 from 1.89 million metric tons in 2023, marking a slight annual decline of 0.1%. However, since 1995, Belgium's export supply has grown by an average of 0.6% per year. In 2023, Belgium was the ninth-largest exporter, just behind Poland, which also exported 1.89 million metric tons. Spain, France, and the Netherlands held the second, third, and fourth spots in the export rankings.
