The copper secondary refinery production in Belgium showed a mixture of fluctuations and decline from 2013 to 2023. The production peaked at 186.9 thousand metric tons in 2013, followed by a significant drop in 2014 and an overall downward trend through 2016. Steady fluctuations characterized the period from 2017 to 2022, with a notable dip in 2020 and slight recovery in the subsequent two years. In 2023, production stood at 155.17 thousand metric tons, showing a minor year-on-year decrease of 0.47% from the previous year.
Year-on-Year Variations (2022-2023):
- 2022: -0.48%
- 2023: -0.47%
Over the last five years (2018-2023), the Compound Annual Growth Rate (CAGR) averaged at -0.54%, reflecting a persistent yet modest decline.
Looking forward, future copper secondary refinery production in Belgium is expected to continue its gradual decline based on forecast data up to 2028. This period projects a further decrease with a forecasted CAGR of -0.4% for the next five years.
Future Trends to Watch For:
- Technological innovations in recycling and refining processes, which could alter production efficiencies.
- Sustainability initiatives and regulatory changes promoting circular economy practices.
- Fluctuations in copper demand and global market conditions impacting secondary production.
