From 2013 to 2023, the production value of computer, electronic and optical products in Belgium fluctuated, showing resilience and growth despite occasional dips. The production value in 2023 stood at €4.17 billion. Year-on-year variations reveal significant ups and downs, such as a 17.98% increase in 2016 and a sharp decline of 16.78% in 2020, followed by a strong recovery of 23.76% in 2021. Over the last two years, from 2021 to 2023, the year-on-year changes were -1.29% and 0.67%. The Compound Annual Growth Rate (CAGR) averaged 1.06% over the last five years, reflecting a moderate but steady increase.
Future trends to watch for include advancements in technology that could boost production volumes, increased demand for electronics in various industries, and potential impacts of global supply chain disruptions. Sustainable initiatives and digital transformation may further shape the production landscape in Belgium.
