The production of non-ferrous metals in Belgium has experienced fluctuation over the past decade. Between 2013 and 2023, the market saw significant fluctuations, with notable decreases in production during 2016 and 2020, followed by substantial increases in certain years, such as 2017 and 2021. In 2023, the market stood at a value of 10.45 billion Euros, showing a 1.64% year-on-year increase compared to 2022.
From 2018 to 2023, the Compound Annual Growth Rate (CAGR) was 0.39%, indicating a modest average annual growth. The forecasted data suggests a steady increase in production from 2024 through 2028, with a forecasted 5-year CAGR of 1.28%, resulting in a projected market value of 11.33 billion Euros by 2028.
Looking ahead, key trends to monitor include the impact of technological advancements in production processes, changes in global demand and supply chains, and environmental regulations affecting production capacity and costs. These factors will shape the future landscape of non-ferrous metal production in Belgium.
