The steel flanges market volume in Belgium has experienced fluctuations over the past decade. Starting from 4.7483 million kilograms in 2013, the market saw a general decline with occasional recoveries, notably a significant drop in 2020 by 17.83%. The market reached a size of 4.0597 million kilograms by 2023, indicating decreasing growth with a CAGR of -0.64% over the last five years. Year-on-year variations have demonstrated minor shifts around the 4 million kilograms mark in the last few years, showing stabilized, yet lackluster market performance.
Future trends to watch for include:
- Potential impacts of post-pandemic recovery efforts on market demand.
- The effect of technological advancements on production efficiency and cost.
- Changing regulations and their influence on domestic and export markets.
- Global economic trends that may influence raw material prices and international competition.
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 85,444,000 | 2023 | +0.94% | -0.38% | View data |
| 2 | 2 France | 16,314,000 | 2023 | +2.22% | +0.91% | View data |
| 3 | 3 Belgium | 4,059,700 | 2023 | -0.97% | -0.64% | |
| 4 | 4 Finland | 3,700,900 | 2023 | -0.46% | +0.57% | View data |
| 5 | 5 Portugal | 2,741,000 | 2023 | -1.62% | -1.95% | View data |
