From 2013 to 2023, the Manufacture of Structural Metal Products sector in Belgium demonstrated a fluctuating trend. Production value reached 5.51 billion Euros in 2023. Year-on-year variations were mixed, with notable declines in 2018 and 2020. The CAGR over the past 5 years was 3.71%, indicating moderate growth.
Forecasts predict a steady increase, with production values expected to rise to 6.02 billion Euros by 2028, demonstrating a 5-year CAGR of 1.41% and a 5-year growth rate of 7.26%.
Future trends to watch for include technological advancements in manufacturing processes, potential impacts of economic policies, and sustainability initiatives which could influence production methods and costs.
