Analysis of Belgium's chemicals manufacturing output from 2013 to 2023 indicates significant fluctuations. In 2023, the output value stood at 38.17 billion Euros. Notable declines were seen in 2016 and 2020, with the most significant decrease in 2023 by 22.32% year-on-year. However, there were notable increases in 2021 and 2022, with year-on-year growth of 33.91% and 27.74%, respectively. The average annual growth rate (CAGR) over the last five years was 2.97%.

Future trends to watch for include:

Steady recovery with an annual average growth (CAGR) of 1.28% forecasted.
Expected gradual increase in output, reaching 41.38 billion Euros by 2028.
Potential impacts from regulatory changes and advancements in sustainable chemistry.