The wages and salaries in the glass and glass products sector in Belgium have experienced varied trends over the years. In 2023, the value stood at 427.3 million Euros. Historical data shows fluctuations with significant drops in 2014 and 2015, followed by recovery and growth. From 2018 onwards, there was a general upward trend, despite a notable dip in 2020 due to external factors.
Year-on-year variations between 2022 and 2023 show an increase of 3.01%, with the last five-year CAGR at 1.03%, indicating moderate growth stability. Future projections up to 2028 suggest a steady rise with a forecasted 5-year CAGR of 0.54%.
Future trends to watch for include:
- Technological advancements improving production efficiency
- Global economic factors impacting supply chain and demand
- Sustainability initiatives possibly increasing investment in green technologies
