The production of pig iron in the Netherlands has exhibited both stability and occasional volatility over the last decade. Between 2013 and 2019, the production levels hovered around 5.8 million metric tons, showing minimal fluctuations year-on-year. A sharp decline of 16.82% occurred in 2020, attributed likely to global disruptions. However, a robust recovery was observed in 2021 with a 20.77% increase, and since then, the production has shown a steady increase.
In 2023, the production stood at 5.96 million metric tons. The average annual growth rate (CAGR) for the last five years (2018-2023) has been 0.22%, signifying a period of relative stability and gradual growth.
Looking forward, the forecast for the next five years suggests a consistent upward trend with an expected CAGR of 0.17%, reaching up to 6.03 million metric tons by 2028. Future trends to watch include:
- Technological advancements in pig iron production.
- Impact of environmental regulations and sustainability initiatives.
- Global market demand fluctuations and economic conditions.
