Belgium Plant Construction Cost Index
Subscribe & Adjust Industrial Plant Capital Costs in Belgium over Time
Plant Construction Indexes (IC Indexes) are unbiased multipliers for instantaneously adjusting construction costs of industrial plants over time. These monthly series measure the changes in the average cost of constructing a manufacturing plant, with historical data and short-term forecasts available to predict trends.
IC indexes and key manufacturing cost factors in Belgium and up to 32 other countries are provided with the annual subscription to Intratec Industry Economics Worldwide.
Chart Description. The IC Index for Belgium experienced a 5% increase in August 2019, up from the previous year's index value of 130, reaching a value of 136. This means that the average cost of constructing an industrial plant in Belgium has risen by 5% during this period. For example, if the cost of building a plant in Belgium was USD 100 million in August 2018, the 5% increase in the IC Index suggests that the same plant would cost approximately USD 105 million in August 2019.
Data Use. The monthly IC indexes series measure the change in the average cost at which a plant is constructed. All available IC indexes series start back in January 2000 (base period) when the indexes are set at 100 (base value). IC indexes and key manufacturing cost factors in Belgium and up to 32 other countries are provided with the annual subscription to Intratec Industry Economics Worldwide. To better understand data provided check Intratec Industry Economics Worldwide Methodology .
Data Delivery Methods. IC Indexes are available via different delivery methods: (i) online charts; (ii) directly into Excel (using Intratec Add-in); or (iii) a web API (to facilitate integration with existing workflows).
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About IC Indexes. IC Indexes are based on a robust methodology, which involves gathering and processing a huge amount of data from several countries. The index reconciles prices trends of fundamental components of an industrial plant construction such as labor, material and energy, providing meaningful historical and forecast data for users.
IC Indexes are straightforward, handy tools for a series of purposes, like capex estimation, feasibility studies and investment analysis. Intratec Plant Construction Indexes cover as many as 33 countries, and are suitable for industrial plants from several sectors, spanning the fields of Oil & Energy, Fertilizers & Gases, Olefins & Derivatives, Aromatics & Derivatives, Alcohols & Organic Acids, Inorganic Chemicals, Polymers, Food & Nutrition, Metals & Mining, Pharmaceuticals and Water & Utilities.
About Belgium Manufacturing Industry. Belgium's economy is highly developed and known for its strong industrial base, strategic location, and advanced infrastructure. As a small but densely populated country at the heart of Europe, Belgium has established itself as a key hub for trade and industry, benefiting from its central position within the European Union. The Belgian economy is characterized by a diverse range of sectors, with significant contributions from chemicals, pharmaceuticals, machinery, and food processing.
Belgium's manufacturing sector is renowned for its high-quality production and technological innovation. The country excels in industries such as chemicals and pharmaceuticals, where it is a global leader in the production of chemicals, medicines, and biotechnological products. Additionally, Belgium's machinery and equipment manufacturing industry plays a crucial role in supporting other sectors, both domestically and internationally. The country’s infrastructure, including its ports, railways, and road networks, further enhances its competitiveness by facilitating efficient logistics and trade.
As Belgium continues to adapt to global economic trends and challenges, including the push towards sustainability and digitalization, its manufacturing industry remains a vital component of the economy. This sector not only drives economic growth and employment but also reinforces Belgium’s position as a leading industrial nation within Europe and on the global stage.
