Forecast: Sold Production of Kitchen Furniture in Belgium

The sold production of kitchen furniture in Belgium has experienced significant fluctuations over the past decade. Starting from 546.31 thousand items in 2013, the market saw a decline until 2015, followed by a modest recovery. Notably, the year 2019 marked a sharp increase of 28.64% year-on-year. However, 2020 experienced a sharp decrease of 36.61% likely due to the impact of the COVID-19 pandemic. By 2023, the production stood at 653.41 thousand items, marking a year-on-year increase of 13.16%. The forecasted data indicate a steady growth trend with an expected CAGR of 3.22% over the next five years.

Future trends to watch for:

  • Impact of global supply chain dynamics on production rates.
  • Increasing consumer demand for customized and smart kitchen furniture.
  • Potential effects of economic volatility on consumer spending in home improvement.

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