Forecast: Structural Metal Products Production Value in Belgium

In 2023, Belgium's structural metal products production value stood at 5.51 Billion Euros. From 2013 to 2023, the production value showcased a trend of fluctuations, peaking in 2016 and experiencing a significant dip in 2018. A notable recovery was seen in 2019, followed by another dip in 2020. The last two years exhibited a positive trend with a year-on-year growth of 4.35% in 2023. The CAGR over the past five years (2019-2023) was 3.71%.

Looking towards the future, the forecasted data from 2024 to 2028 indicates a consistent upward trend, with an average annual growth rate of 1.41% and a total growth rate of 7.26%. By 2028, the production value is expected to reach 6.02 Billion Euros.

Future trends to watch for include:

  • Technological advancements in production processes
  • Impact of global supply chain dynamics
  • Shift towards sustainable and eco-friendly metal products
  • Potential regulatory changes within the EU

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