Between 2013 and 2023, the Precious Metals and Non-Ferrous Metals Manufacturing sector in the Netherlands experienced fluctuating turnover values, peaking in 2018 at EUR 2.18 billion before entering a decline. The year 2023 saw the turnover standing at EUR 1.66 billion, reflecting a year-on-year decrease of -1.18% and a negative CAGR of -5.37% over the past five years. Notably, the significant declines beginning in 2020 were influenced by external economic factors and market adjustments.
For the forecasted period from 2024 through 2028, a continued decline is projected, with an overall decrease of -15.4% and a forecast five-year CAGR of -3.29%. This suggests a gradual erosion of market turnover, reaching EUR 1.35 billion by 2028.
Future trends to watch for include:
- Technological advancements and their impact on manufacturing processes.
- Market demand shifts in response to global economic conditions.
- Regulatory changes within the European Union impacting the industry.
- Supply chain disruptions and raw material price volatility.
