The Pig Iron and Spiegeleisen or Steel Granules and Powders market in Belgium, measured in volume, has seen fluctuating trends from 2013 to 2023, with the latest data for 2023 indicating a slight decline to 52.166 Million Kilograms. Key historical changes included significant volume drops in 2018 and 2019, while slight recoveries occurred from 2020 to 2022. The most recent year-on-year change in 2023 is a decline of 2.2%, marking a continuation of volatility. Over the last five years, the compound annual growth rate (CAGR) stands at a negative 1.34%, reflecting overall contraction.
Future trends to watch include:
- Technological advancements in manufacturing processes, potentially boosting efficiency and output.
- Global economic shifts that might influence production and demand for raw materials.
- Environmental regulations and sustainability initiatives impacting production methods and consumption patterns.
- Trade policies, especially those within the EU, which could alter competitive dynamics in the market.
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 556,400,000 | 2023 | -2.68% | -3.72% | View data |
| 2 | 2 France | 175,110,000 | 2023 | -1.05% | -1.26% | View data |
| 3 | 3 Italy | 90,830,000 | 2023 | -0.057% | +0.99% | View data |
| 4 | 4 Belgium | 52,166,000 | 2023 | -2.2% | -1.34% | |
| 5 | 5 Slovakia | 11,344,000 | 2023 | +2.91% | +3.27% | View data |
| 6 | 6 Finland | 5,971,700 | 2023 | +0.39% | -0.17% | View data |
