Belgium's non-specialized wholesale trade sector saw fluctuations in production from 2013 to 2028, with a notable decline of 21.13% in 2013 followed by a recovery in 2014 and subsequent unstable performance. In 2023, production was valued at 498.1 million Euros, representing a 4.30% decrease from the previous year. The sector experienced an average annual contraction of 2.88% over the last five years up to 2023. Future forecasts indicate a continued decline, with a forecasted 3.58% annual decrease over the next five years, leading to a 16.68% drop by 2028.
Future trends to watch for:
- Economic recovery and its impact on wholesale demand
- Technological advancements and automation efficiencies
- Shifts in consumer behavior and supply chain modifications post-COVID-19
- Regulatory changes and trade policies within the EU
