The sold production of textile wicks, conveyor belts, or belting in Belgium has shown a consistent decline from 2016, marked by a slight increase followed by a persistent downward trend in both volume and value. By 2023, the production stood at 5.8043 million kilograms, reflecting an annual decline of approximately 1.18% over the past two years, with a compound annual growth rate (CAGR) of -3.49% over the last five years.

The forecasted data from 2024 to 2028 continues this trend, with an expected annual decline of 0.95% and an overall reduction in production by approximately 4.65% over the forecasted period, reaching 5.469 million kilograms by 2028.

Future trends to be mindful of include:

Continued technological advancements potentially altering production methods and materials in the textile industry.
Environmental regulations and sustainability initiatives possibly impacting production processes.
Market demand shifts as industries adapt to new technologies and materials for conveyor systems.
Global economic factors influencing production costs and supply chain dynamics.