In 2023, Belgium's aluminium turnover stood at 1.27 Billion Euros. The forecasted figures from 2024 to 2028 indicate consistent growth, albeit at a modest pace. From 2024 to 2028, the turnover is expected to increase from 1.28 Billion Euros to 1.31 Billion Euros. The year-on-year variations are as follows: 2024 to 2025 (0.78%), 2025 to 2026 (0%), 2026 to 2027 (0.78%), and 2027 to 2028 (0.77%). The CAGR for the period from 2024 to 2028 is approximately 0.61%, indicating steady but slow growth over the five-year period.
Future trends to watch for include potential impacts of technological advancements in aluminium production, sustainability movements driving demand for recycled materials, and global economic factors that could influence Belgium's aluminium industry. Keeping an eye on these trends will help stakeholders anticipate market shifts and make informed decisions.
