Analyzing the Aluminous Cement Market in Belgium from 2012 to 2023 reveals a general downward trend in market value. The market decreased significantly from 2012’s peak value of 14.156 million USD with occasional minor increases. The Compound Annual Growth Rate (CAGR) stood at -7.36% from 2012 to 2016, showing a severe decline. This long-term decline continued with slight fluctuations through 2022, where the CAGR was -3.07%. Notable year-on-year variations include a maximum decrease of -20.05% in 2014 and a slight rebound of 2.28% in 2022.
In 2023, the aluminous cement market in Belgium continues to face challenges, with no significant recovery expected from the previous downward trend.
Future trends to watch for:
- Emergence of sustainable and eco-friendly cement alternatives.
- Technological advancements in cement production.
- Changes in regulatory frameworks and standards.
- Fluctuating demand in the construction and industrial sectors.
- Economic and geopolitical factors impacting raw material supply and costs.
| # | 12 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 257,910,000 | 2023 | +0.2% | +0.24% | View data |
| 2 | 2 China | 156,170,000 | 2023 | +3.4% | +3.59% | View data |
| 3 | 3 Japan | 121,940,000 | 2023 | -0.79% | -0.88% | View data |
| 4 | 4 Italy | 97,616,000 | 2023 | -3.78% | -2.96% | View data |
| 5 | 5 Spain | 68,289,000 | 2023 | +1.66% | +0.51% | View data |
| 8 | 8 Austria | 19,814,000 | 2023 | -2.56% | -2.26% | View data |
| 9 | 9 Thailand | 10,230,000 | 2023 | +0.82% | -2.25% | View data |
| 10 | 10 Belgium | 7,472,200 | 2023 | -6.5% | -5.06% | |
| 11 | 11 Hungary | 5,515,900 | 2023 | +1.47% | +3.82% | View data |
| 12 | 12 Greece | 2,407,600 | 2023 | -7.72% | -6.74% | View data |
