The turnover of electronic components and electronic boards in Belgium has experienced fluctuations over the past decade. Starting from 750.8 million euros in 2013, it saw an initial rise to 1090 million euros in 2017, indicating robust growth during the early years, supported by high demand and positive market conditions. However, the market witnessed volatility from 2018 onwards, with values peaking at 1120 million euros in 2019 before experiencing a decline and period of stagnation through to 2023, where the turnover stood at 1080 million euros.
Year-on-year variations highlight periods of growth, such as 2017’s 8.78% increase, contrasting with years of decline, including 2018’s -4.06%. While the earlier years presented strong CAGR values, reaching up to 8.13% in 2017, the subsequent periods reflected a slowdown, with a mere 0.69% CAGR by 2023 and a forecasted -0.06% CAGR over the next five years, suggesting minimal growth rates.
Future trends to watch for include technological advancements, shifts in demand patterns, and potential impacts of global economic conditions on the electronic components market. Monitoring innovations in related sectors and economic policies will be crucial in anticipating market dynamics and emerging opportunities.
