The basic metals manufacturing output in Belgium has experienced significant fluctuations over the past decade, with a notable peak in 2021 at 27.89 billion euros. As of 2023, the output stands at 25.67 billion euros, indicating a modest year-on-year increase of 0.93%. Analyzing the last five years (2018-2023), the compound annual growth rate (CAGR) is 2.53%, reflecting a relatively stable industry growth despite previous volatile trends. Looking ahead, the projected output from 2024 to 2028 indicates a gradual upward trend with a forecasted five-year CAGR of 0.69%, suggesting sustained yet moderate growth in the sector.

Future trends to watch for in the basic metals manufacturing sector include:

Technological advancements driving efficiency and productivity improvements.
Increasing demand for sustainable and eco-friendly metal products.
Potential impacts of global trade policies and economic conditions on export demand.
Shift towards recycling and circular economy practices within the industry.