The data on precious metals direct material inputs in Belgium indicates significant fluctuations from 2013 to 2023. In 2023, the volume stood at 125.76 thousand metric tons, showing a year-on-year increase of 6.92%. This follows a pattern of both increases and decreases, with notable spikes in 2017 and 2018, as well as a substantial decline in 2019. The 5-year CAGR ending in 2023 was -7.68%, highlighting an overall downward trend during this period.
Looking forward, the forecasted data from 2024 to 2028 shows a gradual increase, with an estimated 5-year CAGR of 2.1% and an overall growth of 10.96% by 2028. This suggests a more stable and cautious optimism for slight recovery and growth.
Future trends to watch include potential impacts of market volatility, technological advancements influencing material demands, and evolving legislation on precious metal usage and sourcing. Monitoring geopolitical developments and environmental concerns will also be critical in assessing future shifts in this market.
