The production of glass and glass products in Belgium has shown considerable variability from 2013 to 2023, with a significant boost in recent years. Notably, 2023 stands out with a production value of €3.1 billion, reflecting a year-on-year increase of 6.63%. This marks an ongoing upward trend following a similar growth pattern in both 2021 and 2022, where increases were recorded at 19.53% and 10.44%, respectively. Over the last five years, a compound annual growth rate (CAGR) of 1.47% has been observed, signaling a consistent, albeit modest, growth trajectory.
The future forecast from 2024 through 2028 indicates a continued, though moderated, rise in production levels. With the CAGR projected at 0.42% over the next five years, production is expected to reach €3.19 billion by 2028. This anticipated steady growth underscores a stable market outlook for the Belgian glass and glass product industry.
Trends to watch for in the future include:
- Technological advancements in glass manufacturing processes which may drive efficiency and output.
- Shifts in global demand and supply chains, particularly in response to geopolitical and economic factors.
- Sustainability and environmental regulations which could impact production practices and costs.
