The Sewerage, Waste Collection, and Management Services output in Belgium has shown varied trends over the past decade. The period from 2013 to 2023 reflects multiple fluctuations with values oscillating between €7.65 billion and €10.98 billion. The year-on-year variation ranged significantly, showing both negative growth rates such as -6.66% in 2015 to robust increases like 20.77% in 2021. As of 2023, the output stands at €10.98 billion. The 5-year CAGR leading to 2023 was 4.52%, suggesting steady growth on an average annual basis despite the volatility in individual year changes.
Key Observations:
- 2013-2015: Negative growth years.
- 2016-2017: A rebound with positive growth in 2017.
- 2018-2019: Continued albeit moderate growth.
- 2020: A dip, likely influenced by global challenges.
- 2021 onward: Recovery with a strong increase, particularly notable in 2021.
Looking ahead, the forecasted data from 2024 to 2028 indicates a consistent upward trend with the forecasted 5-year CAGR at 1.89%. The projected output is expected to reach €12.36 billion by 2028, reflecting a 9.8% growth over this period.
Future trends to watch for include advancements in waste management technologies, regulatory changes impacting waste collection processes, and environmental policies driving sustainability initiatives. These factors could significantly influence the sector's growth trajectory and market dynamics in Belgium.
