Forecast: Exports of Metals in Belgium

The exports of metals in Belgium showed a dynamic yet somewhat variable trend from 2013 to 2023. In 2023, the exports stood at 33.44 million metric tons, with a modest year-on-year increase of 1.31%. Over the past decade, fluctuations have been evident, with notable increases in some years (such as 22.17% in 2021) but also significant downturns (such as -16.58% in 2020). Over the last five years (2018-2023), the compound annual growth rate (CAGR) indicated a moderate growth of 0.66%.

From 2024 onwards, exports are forecasted to exhibit a steady growth pattern, with an anticipated 5.27% growth by 2028 and a forecasted five-year CAGR of 1.03%. This suggests a relatively stable but moderate increase in metal exports over the medium term.

Future trends to watch for:

• Global economic conditions affecting demand for Belgian metals.
• Technological advancements in metal production and their impact on export volumes.
• Trade policies and international relations influencing market access and competitiveness.
• Commodity price fluctuations impacting the value and volume of exports.
• Sustainability trends and regulatory changes driving shifts in metal production and consumption patterns.