The production value of dyes and pigments in Belgium has shown considerable fluctuations from 2013 to 2023. Starting at 366.1 million euros in 2013, the value surged to 680.6 million euros in 2017, followed by a decline, notably in 2019 and 2020. However, a recovery began in 2021, reaching 634.9 million euros in 2023. Year-on-year variations depict significant growth in 2014 and 2015, followed by a negative trend until 2020. Post-2020, a positive trend resumed. The 5-year CAGR reflects the observed trends, peaking positively in 2017, with slight negative variance during 2020-2023.
Looking forward, the forecast until 2028 indicates a modest but steady growth rate of 0.57% annually. Key future trends to watch include advancements in sustainable and eco-friendly dyeing processes, shifts in consumer demand for natural colorants, and economic variables affecting manufacturing costs.
