The data from 2013 to 2023 shows a fluctuating but overall increasing trend in hours worked in the clay bricks, tiles, and construction products sector in Belgium, reaching 2.8507 million hours in 2023. Notable year-on-year variations include a significant rise of 24.1% in 2014 and a modest increase of 2.68% in 2023. Over the previous five years leading up to 2023, the sector has seen a compound annual growth rate (CAGR) of 3.17%, indicative of steady growth.
Looking into the future, from 2024 to 2028, the forecast suggests a continued upward trend with expected growth bringing the figure to approximately 3.2115 million hours by 2028. The forecasted 5-year CAGR is 1.89%, showing a slower growth pace compared to the previous period. The cumulative increase over these five years is projected to be 9.82%.
Future trends to watch for include technological advancements in construction methods that could potentially impact labor hours required, potential regulatory changes in the construction industry, and evolving market demand for sustainable and energy-efficient building materials.
