The turnover for electronic components in Belgium shows a forecasted decline from 2024 to 2028. In 2023, the turnover stood at 957.5 million Euros. Year-on-year variations highlight the descending trend: a 0.7% decrease from 2024 to 2025, a 0.7% drop from 2025 to 2026, a 0.6% decline from 2026 to 2027, and a 0.6% decrease from 2027 to 2028. The CAGR over the five-year period is approximately -0.7%, reflecting a gradual, steady decline in turnover.
Future trends to watch for include advancements in technology that could rejuvenate the market, potential changes in trade policies, and the impact of emerging markets and alternative components driving shifts in demand. Keeping an eye on sustainability initiatives and shifts towards greener electronics might also provide strategic opportunities and challenges in the sector.
