The flat glass production value in Belgium stood at 2090 million Euros in 2023, reflecting a year-on-year increase of 3.9%. Over the past two years, the flat glass production value has risen, with a notable increase of 4.15% in 2022. The five-year CAGR up to 2023 is 0.95%, showing stabilization in the growth rate.
Historically, the industry experienced significant fluctuations, including a notable spike in 2018 with a 105.25% increase, but faced declines in 2019 and 2020. The forecast from 2024 to 2028 suggests a steady average annual growth rate of 2.82%, culminating in an overall growth rate of 14.9% by 2028.
Future trends to watch for include advancements in technology, shifts in demand due to evolving construction standards, and potential impacts of environmental regulations on production processes.
