Forecast: Ores and Metals Exports in Belgium

Between 2013 and 2023, Belgium's ores and metals exports experienced substantial fluctuations. The most notable growth was observed in 2018 (29.77%), while the sharpest decline occurred in 2022 (-20.3%). In 2023, the exports stood slightly higher with a minor increase of 1.41% from the previous year. Over this decade, the Compound Annual Growth Rate (CAGR) for the five years leading up to 2023 averaged 2.54%.

Looking ahead to 2028, forecasts suggest a slight reduction in export volumes with a negative CAGR of -0.61%, indicating a continuing but more stable decline. Trends over the forecast period show an annual decrease, reflecting potential market saturation or increasing competition in the global market.

Future trends to watch for include the impact of green energy and sustainable mining policies, technological advancements in recycling, and geopolitical factors affecting trade agreements and market access.