The Natural Magnesium Carbonate and Magnesium Oxide market size value per capita in Belgium displayed a growth pattern from 2013 to 2023. In 2023, the value per capita was $2.17, following steady increases especially since 2018. Year-on-year variation over the past two years showed an upward trend, with growth rates of approximately 2.42% from 2021 to 2022, and 1.40% from 2022 to 2023. Reviewing the last five years, the compound annual growth rate (CAGR) averaged about 3.37%, reflecting a consistent market expansion.
Future trends to watch for include:
- Potential impact of eco-friendly regulations on production methods.
- The influence of technological advancements on production efficiency.
- Market demand shifts due to alternative materials or new applications for magnesium products.
- Changes in global supply chains affecting raw material availability and pricing.
| # | 11 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 5.86 | 2023 | View data | ||
| 2 | 2 Italy | 2.88 | 2023 | View data | ||
| 3 | 3 France | 2.36 | 2023 | View data | ||
| 4 | 4 United Kingdom | 2.31 | 2023 | View data | ||
| 5 | 5 Belgium | 2.17 | 2023 | |||
| 6 | 6 Romania | 1.5 | 2023 | View data | ||
| 7 | 7 Switzerland | 1.35 | 2023 | View data | ||
