The output of waste management in the electricity, gas, steam, and air conditioning supply sector in Belgium has seen a steady decline over the past decade. From 2014 to 2023, the output decreased from 1.24 billion euros to 1.06 billion euros. Notably, 2023's year-on-year variation showed a decrease of 0.48%, with a cumulative annual growth rate (CAGR) of -0.92% over the last five years. For 2028, the forecasted year-on-year growth rate and CAGR are -0.19% and -0.92%, respectively.
Key trends observed over the period:
- 2015 recorded the largest year-on-year drop at -13.3%.
- There was a partial recovery in 2016 with a 9.2% increase.
- Subsequent years saw fluctuations with mostly negative year-on-year variations.
- The decline stabilized around 2020, with variations less drastic post-2019.
Future trends to watch for:
- Ongoing innovations in energy efficiency and waste management technologies.
- Potential policy changes impacting waste management practices.
- The influence of economic conditions on investment and operational strategies within the sector.
- Environmental regulations and sustainability goals driving further improvements in waste management processes.