Forecast: Iron Exports from Belgium

Belgium’s iron exports exhibited notable fluctuations from 2013 to 2023, peaking at 17.32 million metric tons in 2018, then showing a general decline. The value stood at 13.86 million metric tons in 2023, reflecting a 4.25% year-on-year increase. Over the last two years, the year-on-year variations were -8.92% in 2022 and 4.25% in 2023. The 5-year CAGR from 2019 to 2023 was -4.37%.

Future projections indicate a continued gradual decline, with a forecasted 5-year CAGR of -0.64% and an overall 2028 value drop by 3.16%. This suggests a persistent downward trend.

Future trends to watch for:

  • Global iron market dynamics and price fluctuations.
  • Environmental regulations impacting production and exports.
  • Technological advancements in iron extraction and processing.
  • Shifts in demand from key international markets.

Top Countries about Iron Ore