The production value for basic metals manufacturing in Belgium is forecasted to decline from €15.41 billion in 2024 to €14.08 billion by 2028. Year-on-year percentage changes are as follows:
- 2024 to 2025: -2.21%
- 2025 to 2026: -2.19%
- 2026 to 2027: -2.30%
- 2027 to 2028: -2.22%
The Compound Annual Growth Rate (CAGR) over this period is approximately -2.29%.
Future trends to watch include potential impacts of technological advancements in manufacturing, fluctuations in global metal prices, and policy changes affecting the carbon footprint of the industry. These factors could influence both production costs and market demand, altering the downward trend.
