The analysis of the sold production of paper stationery in Belgium shows a declining trend over the past decade, with a significant drop from 38.723 million kilograms in 2013 to 19.087 million kilograms in 2023. This represents a compounded annual growth rate (CAGR) of -2.54% over the past five years. Despite a steep decline up to 2021, a notable recovery was observed in 2022 with a year-on-year growth of 110.71%, but it was short-lived as the production decreased again by 4.97% in 2023.
The future forecast suggests a continued decrease in production, with an estimated CAGR of -12.41% over the next five years, projecting a volume decline to 8.7522 million kilograms by 2028. This reflects a cumulative reduction of 48.45% from the current levels in 2023.
Future trends to watch for include:
- Continued digitalization reducing the demand for traditional paper stationery.
- Potential market shifts due to sustainable practices and demand for eco-friendly products.
- Regulatory changes and their impact on production and material usage.