In 2023, the production value in the man-made fibres sector in Belgium stood at 519.7 million Euros. Forecast data indicate a declining trend with values of 491.3 million Euros in 2024, 462.9 million Euros in 2025, 434.8 million Euros in 2026, 407.0 million Euros in 2027, and 379.4 million Euros in 2028. This reflects a year-on-year decline of approximately 5.8% from 2024 to 2025, 6.1% from 2025 to 2026, 6.4% from 2026 to 2027, and 6.8% from 2027 to 2028. Over the last five years, the Compound Annual Growth Rate (CAGR) for this sector is -6.2%, indicating a consistent annual decrease in production value.
Future trends to watch for include potential technological advancements in fiber production, sustainability initiatives that could affect production methods, and changes in demand driven by the fashion and automotive industries. Additionally, shifts in global trade policies could impact the competitiveness of Belgian producers in the global market. Monitoring these factors will be crucial for anticipating changes in this industry's trajectory.
