The sold production of wood treatment, impregnation, and preservation in Belgium has experienced fluctuating growth over the years, with significant spikes in 2015 and 2018. The value stood at 34.551 million euros in 2023, marking a 6.22% year-on-year increase. Over the last two years, the values increased by 6.75% in 2022 and 6.22% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years is 5.85%, indicating steady but moderate growth.
Future trends to watch for include:
- Continued growth at a forecasted 3.95% CAGR from 2024 to 2028, totaling a 21.38% increase over the next five years.
- Potential impacts of environmental regulations and sustainability initiatives on the wood treatment industry.
- Innovations in treatment technology that could enhance production efficiency and increase output.
