Analysis of the forecasted turnover for clay building materials in Belgium from 2024 to 2028 shows a steady increase in value from 601.1 million Euros in 2024 to 609.8 million Euros in 2028. There is a consistent year-on-year growth, with minor percentage increases ranging from approximately 0.4% to 0.3%. The compound annual growth rate (CAGR) over this five-year period averages around 0.3%.
In 2023, the actual turnover was 598.5 million Euros. Comparing the forecasted data to the 2023 value, we observe a pattern of marginal growth, indicative of a stable but slow market expansion.
Future trends to watch for include:
- Potential impacts of regulatory changes on construction materials
- Technological advancements in manufacturing processes
- Market demand driven by construction and infrastructure projects
- Economic factors that could either drive or hinder growth in the building materials sector.