The floating structures building and shipbuilding production value in Belgium has experienced significant fluctuations between 2013 and 2023, peaking at 32.9 million euros in 2014 before dropping to 11.7 million euros in 2015. Over the last two years, there has been a steady increase, from 21.0 million euros in 2022 to 21.7 million euros in 2023, marking a 3.33% year-on-year variation. The Compound Annual Growth Rate (CAGR) over the last five years has been -0.85%, projecting a moderate decline in the years ahead.
Looking ahead to 2028, the forecast suggests a slight decline in production value, with an average annual reduction of 0.85%. The industry should monitor several future trends:
- Sustainability and environmental regulations impacting shipbuilding practices.
- Technological advancements in floating structure design and materials.
- Economic conditions affecting global demand for shipping and offshore structures.
- Government policies influencing maritime and shipbuilding industries.