The value added of non-metallic mineral products in Belgium stood at €2.73 billion in 2023. From 2013 to 2019, there was a general upward trend, peaking at €2.67 billion in 2019. Despite a dip in 2020, the sector recovered in subsequent years with values reaching €2.66 billion in 2021 and €2.69 billion in 2022. The year-on-year growth in 2023 was 1.33%, contributing to a 6% overall increase over the past five years, corresponding to a CAGR of 0.7%. The forecasted CAGR from 2023 to 2028 is 0.98%, indicating a steady but modest growth expected over the period.
- 2013: Decline of 4.39% year-on-year
- 2014: Growth of 3.15% year-on-year
- 2015: Growth of 5.76% year-on-year
- 2016: Growth of 2.51% year-on-year
- 2017: Growth of 2.94% year-on-year
- 2018: Growth of 4.33% year-on-year
- 2019: Growth of 1.34% year-on-year
- 2020: Decline of 3.48% year-on-year
- 2021: Growth of 3.09% year-on-year
- 2022: Growth of 1.36% year-on-year
- 2023: Growth of 1.33% year-on-year
Future trends to watch for include advancements in sustainable production techniques, potential shifts in regulatory policies, and market dynamics influenced by global supply chain developments. Monitoring innovations and changes in consumer behavior will be vital for predicting future performance in the non-metallic mineral product sector.
