The forecasted sold production of Portland cement in Belgium shows a noticeable decreasing trend from 2024 to 2028, with values declining from 2.8625 billion kilograms in 2024 to 1.8949 billion kilograms in 2028. For context, the production in 2023 was 3.1200 billion kilograms, indicating a significant shrinkage in the industry. The year-on-year variation indicates a substantial drop, with percentage changes of -8.58% (2024), -9.39% (2025), -10.25% (2026), -10.14% (2027), and -11.18% (2028). Looking at the compound annual growth rate (CAGR) from 2023 to 2028, there’s an average decline of roughly 10% per year.
Future trends to watch for in the Portland cement market include potential shifts due to regulatory changes focused on reducing carbon emissions, innovations in sustainable building materials, and fluctuations in the construction industry demand.
