The production of glass and glass products in Malta has shown some inconsistency in historical data. Between 2016 and 2018, the sector grew, but then experienced a significant drop in 2019 and a continued slight decline until 2021. Since 2022, the production value remained relatively stable.
In 2023, the sector stood at 17.8 million euros. The year-on-year variation highlights a series of small increments, with the last two years showing under 1% growth. The Compound Annual Growth Rate (CAGR) over the past five years has been negative, indicating a slight downward trend.
Future forecasts until 2028 show a minor upward trend, with the CAGR expected to be 0.22% and overall growth reaching 18.0 million euros. Factors to watch include advancements in glass technology, sustainability trends, and potential policy changes impacting production costs and market demand.
