The production in Belgium's mining and quarrying sector has seen a general downward trend from 2013 to 2023, with the value standing at 656.6 million euros in 2023. Over the last two years (2022-2023), year-on-year variation was -1.37%, reflecting a continued decline, while the compound annual growth rate (CAGR) over the last five years (2018-2023) was -0.35%, indicating a relatively stable but negative growth.
Future trends to watch for:
- Projected production values continue to decrease, with 2028 forecasted at 632.0 million euros.
- The forecasted 5-year CAGR until 2028 is -0.54%, suggesting a slight but consistent decline.
- Factors like technological advancements, regulatory changes, and market demand will significantly impact future production dynamics.