Forecast: Clay Bricks, Tiles and Construction Products Turnover in Belgium

The market for clay bricks, tiles, and construction products in Belgium has exhibited variable growth over the past decade. The turnover increased significantly from 2013 to 2014, with a 26% growth, followed by a stabilization phase and minor fluctuations between 2015 and 2023. The highest turnover was recorded in 2023 at 586.4 million euros. The year-on-year growth from 2022 to 2023 was at a modest 0.6%, maintaining a consistent but slow upward trend.

Key trends from the past decade include:

• 2013-2014: Significant growth at 26%
• 2015-2019: Fluctuating growth with some years of minor decline and recovery
• 2020-2023: Consistent albeit modest growth with year-on-year increases ranging from 0.6% to 1.53%
• 5-year CAGR ending in 2023: 2.95%, indicating a stable medium-term growth

Forecast to 2028 suggests a continued but slow growth with a forecasted 5-year CAGR from 2024 projected at 0.22% and a forecasted 5-year growth rate of 1.12%. These values indicate a plateau effect in market turnovers.

Future trends to watch for include technological advancements in construction materials, regulatory changes, and economic shifts that could impact construction demand. Sustainability and green building practices may also drive innovation and market shifts in the coming years.