The value added of iron and steel in the Netherlands has shown fluctuations over the past years. From 2013 to 2019, the year-on-year changes ranged from -15.57% in 2015 to an increase of 19.84% in 2014. Notably, there was significant growth in 2021 at 21.95%, followed by modest growth in the subsequent years, reaching 1.95 billion euros in 2023. The last five years’ CAGR stands at 0.16%. The forecast from 2024 to 2028 predicts steady growth, with a forecasted CAGR of 0.9% and a growth rate of 4.6%.
Future trends to watch for include the impact of technological advancements and sustainability initiatives on the iron and steel sector, which could drive innovation and efficiency. Additionally, global market dynamics and policy changes may influence demand and production. Monitoring these factors will be crucial for anticipating further developments in this industry.
