The glass and glass products production value in Belgium experienced fluctuations between 2013 and 2023. There were notable increases in production value in 2015, 2018, and 2021, while significant declines occurred in 2016 and 2020. As of 2023, the production value stood at 3.03 billion euros, marking a 6.45% increase from the previous year. Over the last five years, the compound annual growth rate (CAGR) has been 1.01%. Future growth is forecasted to continue at a modest pace with a 0.71% CAGR anticipated from 2024 to 2028, culminating in a production value of 3.17 billion euros in 2028, representing a total growth rate of 3.58% over those five years.
Future trends to watch for include:
- Technological advancements in glass production methods.
- Growing demand for sustainable and energy-efficient building materials.
- Impact of regulatory changes on production processes.
- Effects of global economic conditions on local production.
