The data indicates that production in the manufacture of electronic components and boards sector in Belgium experienced significant fluctuations over the past decade. Between 2013 and 2019, there was a general upward trend in value, peaking in 2019 at 1200 million euros. However, from 2020 onwards, the sector saw a gradual decline, with 2023 registering a value of 1080 million euros. The year-on-year variation showed negative growth over the last two years, and the CAGR for the last five years (2019-2023) was -0.62%, reflecting a stagnation and slight decrease in production.
Looking at the forecasted data from 2024 to 2028, the sector is expected to continue its decline, with a forecasted 5-year CAGR of -0.95% and a total growth rate of -4.68% by 2028. Despite a previously robust growth phase, the sector is now facing challenges that are expected to result in a continued drop in production value.
Future trends to watch for:
- Technological advancements and their impact on production efficiency.
- Global supply chain disruptions and their effects on the sector.
- Regulatory changes within the EU and how they may influence production practices.
- Potential merges and acquisitions within the sector to combat the decline in production.
