From 2013 to 2023, the production value of electronic components and electronic boards in Belgium experienced significant fluctuations. This period saw a high growth phase between 2016 to 2019, peaking in 2019 at 1200 million euros. However, from 2020 onwards, the production value has been in a declining trend, standing at 1110 million euros in 2023. Over the last two years, the year-on-year variation has shown a consistent decreasing trend of around 1.05%. The five-year CAGR indicates a slight annual decline of approximately 0.11%.
Looking ahead to the forecasted period from 2024 to 2028, the production value is expected to continue declining, with forecasts suggesting a decrease to 1050 million euros by 2028. The forecasted five-year CAGR for this period is -0.84%, indicating a steady, albeit minor, annual reduction in production value.
Future trends to watch for include potential technological advancements, shifts in global supply chains, and market demand changes, which could significantly impact production values. Additionally, developments in sustainable and green technologies might provide opportunities for growth or necessitate industry adaptations.
