The Belgian Casting of Iron Market experienced volatility over the last decade, starting at 347.08 Million Euros in 2013 and declining to 246.42 Million Euros in 2023. Year-on-year variations illustrate initial sharp declines, especially in 2016 with a 21.99% drop, followed by moderate recovery attempts. Over the last two years, positive trends have been observed, with a 3.63% rise in 2022 and a 3.43% increase in 2023. However, the five-year Compound Annual Growth Rate (CAGR) from 2019 to 2023 averaged at -1.99%, indicating an overall decline when viewed across a longer period.
Future trends to watch for:
- Technological advancements improving efficiency and reducing costs.
- Shifts in global demand and trade policies impacting exports.
- Environmental regulations influencing production processes and costs.
- Economic recovery post-COVID-19 potentially boosting industrial demand.
- Adoption of sustainable practices and materials in the casting industry.
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 7,474,000,000 | 2023 | -1.03% | -2.53% | View data |
| 2 | 2 Italy | 1,829,900,000 | 2023 | -1.59% | -1.79% | View data |
| 3 | 3 Spain | 1,721,800,000 | 2023 | +1.13% | +0.83% | View data |
| 4 | 4 France | 1,247,600,000 | 2023 | +0.12% | -0.85% | View data |
| 5 | 5 United Kingdom | 608,130,000 | 2023 | +0.73% | +0.16% | View data |
| 6 | 6 Belgium | 246,420,000 | 2023 | +3.43% | -1.99% | |
| 7 | 7 Finland | 119,450,000 | 2023 | -6.21% | -8.12% | View data |
| 8 | 8 Sweden | 85,059,000 | 2023 | -1.51% | -1.35% | View data |
