The mining and quarrying turnover in Belgium has shown a declining trend over the last decade. Starting from a value of 864.2 million euros in 2013, it experienced fluctuations but ultimately decreased to 704.4 million euros in 2023. Notable points include a significant drop from 2018 to 2019, followed by continued year-on-year decreases, albeit at a slower rate.
Year-on-Year trends:- **2023**: -0.91%- **2022**: -1.14%- **2021**: -2.94%
The year-on-year changes showcase a continual decline.
Compound Annual Growth Rate (CAGR) over the last five years was minimal at 0.32%, indicating very slight annual average growth. Future forecasts predict a further decline with a five-year CAGR of -0.36% by 2028.
Future trends to watch for:- Potential impacts of environmental policies.- Technological advancements in the mining sector.- Global market demand shifts for mined materials.
Latest reports
US Mining Market Report- Q4 2024
In the fourth quarter of 2024, the U.S. mining industry faced a unique set of challenges and opportunities driven by economic, political, and...
China Mining Market Report- Q4 2024
The fourth quarter of 2024 has been pivotal for the mining industry in China, marked by significant shifts and strategic maneuvers in the...
Japan Mining Market Report- Q4 2024
The Japan mining industry in the fourth quarter of 2024 is marked by significant technological advancements and strategic initiatives that are shaping the...
Germany Mining Market Report- Q4 2024
The fourth quarter of 2024 presented pivotal developments in Germany's mining sector, characterized by a transition towards electrification and sustainability, amidst economic challenges...
India Mining Market Report- Q4 2024
The fourth quarter of 2024 has been pivotal for the mining sector in India, marked by significant developments in natural gas infrastructure, technological...
UK Mining Market Report- Q4 2024
The fourth quarter of 2024 has been a transformative period for the UK mining industry, marked by significant trends and regulatory shifts that...
France Mining Market Report- Q4 2024
The fourth quarter of 2024 presents a dynamic landscape for the mining sector in France, characterized by a strong emphasis on sustainability and...
Canada Mining Market Report- Q4 2024
In the fourth quarter of 2024, Canada's mining sector continued to experience significant transformations driven by increasing global demands for critical minerals essential...
Brazil Mining Market Report- Q4 2024
The fourth quarter of 2024 has been pivotal for Brazil's mining industry, characterized by strategic developments and regulatory shifts that have significant implications...
Italy Mining Market Report- Q4 2024
The fourth quarter of 2024 marks a transformative period for the mining industry in Italy, characterized by strategic shifts towards sustainability, technological innovation,...
