The market for aluminium foil in Belgium, with thickness equal to or below 0.2 mm, continued its declining trend in 2023, reaching a size of 149.55 million euros. This represents a year-on-year decrease of 3.04% from 2022. Over the past decade, fluctuations were evident, with significant year-on-year variations, notably a decline in 2014 and a brief rise in 2015. The market saw a consistent contraction over the last five years at a compound annual growth rate (CAGR) of -2.51%.
Future trends to watch for include:
- Potential recovery driven by technological advancements and increased demand for sustainable packaging solutions.
- Influence of regulatory changes on production and recycling practices.
- Macro-economic factors such as raw material prices and global supply chain dynamics, which could affect market volatility.
How does Belgium rank in Aluminium Foil, of a Thickness Inferior or Equal to 0,2 Mm Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,127,400,000 | 2023 | -0.36% | +0.18% | View data |
| 2 | 2 Poland | 544,130,000 | 2023 | +3.88% | +5.16% | View data |
| 3 | 3 United Kingdom | 535,840,000 | 2023 | +0.56% | +0.22% | View data |
| 4 | 4 France | 314,960,000 | 2023 | -1.22% | -2.76% | View data |
| 5 | 5 Greece | 172,700,000 | 2023 | -0.68% | -0.0029% | View data |
| 6 | 6 Belgium | 149,550,000 | 2023 | -3.04% | -2.51% | |
| 7 | 7 Denmark | 149,070,000 | 2023 | +1.18% | +0.69% | View data |
| 8 | 8 Hungary | 145,700,000 | 2023 | +1.04% | +0.099% | View data |
