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.