The Electronic and Electric Wires Market in Belgium has seen significant fluctuations from 2012 to 2022. The market volume decreased from 109.84 million kilograms in 2012 to 76.085 million kilograms in 2022, showcasing a general downward trend. Over the past decade, the market experienced varying year-on-year changes, with notable declines such as -18.76% in 2020, followed by a recovery in 2021 with a growth of 17.74%. The last recorded Compound Annual Growth Rate (CAGR) over the past five years was -1.8%, indicating a marginal overall annual decrease.
Future trends to watch for include potential market stabilization or recovery driven by technological advancements and increased demand for electronic devices. Additionally, sustainability initiatives and smart city projects might bolster the demand for electric wires, possibly offsetting past declines.
How does Belgium rank in Electronic and Electric Wires Market Size Volume?
| # | 11 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 482,240,000 | 2023 | +1.22% | +0.65% | View data |
| 2 | 2 United Kingdom | 359,160,000 | 2023 | -0.29% | +0.89% | View data |
| 3 | 3 Czech Republic | 180,880,000 | 2023 | +0.16% | -0.59% | View data |
| 4 | 4 Romania | 147,350,000 | 2023 | +4.19% | +1.01% | View data |
| 5 | 5 Belgium | 74,341,000 | 2023 | -2.29% | -2.55% | |
| 6 | 6 Portugal | 47,868,000 | 2023 | -3.72% | +1.05% | View data |
| 7 | 7 Denmark | 41,914,000 | 2023 | -0.25% | -0.23% | View data |
