Analyzing the production value of floor and wall covering in Belgium from 2013 to 2023, we observe significant variability. After a drop in 2014, the value surged by 19.12% in 2015, maintaining an upward trend until 2016. Following a drop and partial recovery, a relatively stable growth is visible from 2018 to 2023, culminating at 1250 million euros in 2023. The year-on-year increase for the latest years shows mild growth: 1.58% in 2022 and 1.54% in 2023. The five-year CAGR indicates a modest -0.008% over the last five years.
Forecasting from 2024 through 2028, we expect mild but consistent growth, with a forecasted CAGR of 1.13% and an overall growth rate of 5.78%. Production value is anticipated to reach 1350 million euros by 2028.
Future trends to watch for include advancements in sustainable and eco-friendly materials, technological innovations in manufacturing, and evolving consumer preferences that could influence production dynamics.
