Over the past decade, the production value of the precious metals and non-ferrous metals manufacturing industry in Belgium has shown considerable fluctuations. Following a peak in 2013, the industry experienced a decline until 2016, dropping to €7.44 billion. A notable recovery phase began in 2017, reaching €8.84 billion and continued to grow, peaking again in recent years with €9.76 billion in 2023. The year-on-year variations indicate significant volatility, such as a sharp decline in 2013 and 2016, and substantial growth rebounds in 2017 and 2021. The recent five-year CAGR shows a moderate growth of 1.06%, projecting stability towards 2028, reaching €10.44 billion.
Looking ahead, future trends to watch for include:
- Technological advancements impacting production efficiency
- Fluctuations in global metal prices affecting production valuation
- Sustainability initiatives influencing manufacturing practices and demand
- Regulatory changes within the EU impacting operational costs
- Geopolitical factors influencing raw material supply chains
