In 2023, the output of non-metallic mineral products in Belgium stood at 7.77 billion euros. Over the last two years, the year-on-year variation showed a modest increase of 0.5% in 2023 and 0.51% in 2022. This indicates a phase of stabilization after a small decline in the years 2020-2021. Analyzing the past five years, the compound annual growth rate (CAGR) has been relatively flat at -0.087%, showing slight fluctuations but no significant upward or downward trend.
Looking forward, the forecast data suggests gradual growth. By 2028, the output is projected to reach 7.95 billion euros, guided by a five-year CAGR of 0.38%. This indicates steady, albeit slow, expansion in the sector.
Future trends to watch for:
- Adoption of greener technologies and sustainable production methods
- Market fluctuations due to changes in construction demands
- Potential impacts from economic policies and international trade agreements
