Between 2013 and 2023, the production value of electronic components in Belgium has shown a general upward trend. Starting at €620 million in 2013, it grew to €1060 million in 2023. The period from 2013 to 2019 saw strong growth but slowed slightly between 2020 and 2023. Notable growth highlights include a significant jump of 28.73% in 2014 and a steady 11.84% increase in 2016. The CAGR from 2018 to 2023 was 1.07%, indicating more modest growth in recent years.
Notably, 2020 observed a slight decline of 5.39%, but the market recovered to some extent in the subsequent years. While the average variation per year over the last five years was minimal, the forecast for the next five years (2024 to 2028) projects only a very modest CAGR of 0.2%.
Future trends to watch for include the potential impact of technological advancements and shifts in global supply chains on production values in Belgium. Continuous monitoring of geopolitical factors, innovation in electronic component design, and consumer demand shifts will be crucial in predicting future market movements.
