From 2013 to 2023, the mining and quarrying sector in Belgium displayed significant fluctuations in output, peaking at 937.5 million Euros in 2022. By 2023, the sector observed a slight decline to 891.2 million Euros, indicating a -4.94% year-on-year variation. Key peak performances emerged in the years 2014 and 2021, with significant year-on-year growth of 25.83% and 12.05%, respectively. The five-year CAGR from 2018 to 2023 averaged at 3.37%, showing moderate overall growth. Forecasts for 2024 to 2028 predict a slight CAGR of 0.36%, reflecting stabilization with minimal growth.
Future trends to watch for include technological advancements in mining operations, potential regulatory changes, and the impact of global commodity prices on the local industry. The sector may also be influenced by sustainability practices and environmental considerations, potentially affecting output levels in the mid to long term.
