The manufacturing output in Belgium has shown varying trends over the past years. From 2013 to 2016, the values experienced a decline, reaching a low of 214.1 billion Euros in 2016. A notable increase started in 2017, continuing until 2019. However, 2020 saw a significant drop due to external factors, decreasing by 8.25%. From 2021 onwards, there was a remarkable rebound, peaking at 328.39 billion Euros in 2023.
The year-on-year variation highlights recent substantial growth: 20.87% in 2021, 22.44% in 2022, and a modest 1.66% in 2023. The compound annual growth rate (CAGR) over the last five years stands at 6.66%.
Forecasts indicate consistent growth until 2028 with a predicted value of 355.73 billion Euros, reflecting a 5-year CAGR of 1.27%. Future trends to watch for include potential impacts of technological advancements, the pace of digital transformation, and changes in global supply chains.
