Since 2013, Belgium's primary copper refinery production has exhibited fluctuations and an overall upward trend. Observing the data, actual production in 2023 stood at 236.52 thousand metric tons. Year-on-year changes reflect varied shifts with significant dips in 2016 and 2020 and recovery periods in 2017, 2021, and a slight uptick from 2021 onwards.
Over the last two years, production changes showed approximately a 0.43% and 0.44% increase respectively. The compound annual growth rate (CAGR) over the past five years (2019-2023) was approximately 0.49%.
Going forward, Belgium's primary copper refinery production is forecasted to grow steadily at an annual CAGR of 0.35% through 2028. The expected production by 2028 is projected to be 241.83 thousand metric tons, representing a 1.77% growth.
Future trends to watch for include advancements in refining technology, shifts in global copper demand, and regulatory policies impacting production and environmental standards. Monitoring these factors will be crucial for understanding long-term production capabilities and market dynamics.
