In 2023, the production value of assembled parquet floors in Belgium stood at 13.0 million Euros. Forecasts from 2024 to 2028 indicate a gradual decline in production value: 12.7 million Euros in 2024, 12.3 million Euros in 2025, 12.0 million Euros in 2026, 11.8 million Euros in 2027, and 11.5 million Euros in 2028. This forecasted declining trend suggests the following year-on-year percentage changes:
- From 2023 to 2024: -2.3%
- From 2024 to 2025: -3.1%
- From 2025 to 2026: -2.4%
- From 2026 to 2027: -1.7%
- From 2027 to 2028: -2.5%
The CAGR over the 2023-2028 period is approximately -2.4%, indicating an average annual decrease. The downward trend may be influenced by market saturation, competition from alternative flooring materials, or economic influences.
Future trends to watch for include changes in consumer preferences, technological advancements in production techniques, global economic conditions, and policy shifts related to environmental sustainability. Monitoring these factors could provide insights into potential market recovery or further declines.
