In 2023, the production value of clay building materials in Belgium stood at 493 million Euros. Based on forecasted data, the production value is expected to grow steadily from 495.5 million Euros in 2024 to 501.9 million Euros in 2028.
- The year-on-year growth from 2024 to 2025 is projected at 0.42%.
- The year-on-year growth from 2025 to 2026 is estimated at 0.34%.
- The year-on-year growth from 2026 to 2027 is projected at 0.28%.
- From 2027 to 2028, the growth is expected to be 0.24%.
Over the last two years (2022-2023), the trend has shown minimal growth, indicating a stable but slow upward trajectory. The Compound Annual Growth Rate (CAGR) over the next five years is anticipated to be approximately 0.35% per year.
Future trends to watch for include technological advancements in production methods, the rising adoption of eco-friendly materials, as well as fluctuations in construction demand driven by economic conditions and regulatory changes. Monitoring these trends will be crucial for adapting strategies in the clay building materials market.