Belgium's crushed stone production experienced fluctuating trends from 2013 to 2023, with notable dips in 2016 and 2020. By 2023, the volume stabilized at roughly 32.47 billion kilograms. Year-on-year variations often highlighted market volatility, with 2021 showing a substantial recovery after 2020's sharp decline.
From 2018 to 2023, the compound annual growth rate (CAGR) was slightly negative at -0.19%, reflecting modest production shifts. Expected forecasts from 2024 to 2028 indicate a stabilized growth trend, projecting a 5-year CAGR of 0.3% and an overall growth of about 1.51%.
Future trends to watch for:
- Impact of infrastructure initiatives in Belgium’s economic plans.
- Environmental regulations affecting quarry operations.
- Technological advancements in mining efficiency and production.
- Global market demands affecting raw material exports.
