The rubber and plastic products manufacturing sector in Belgium has seen fluctuating production values over the past decade. After an initial decline from 2013 to 2015, a notable increase occurred in 2016 and 2017. However, subsequent years experienced modest gains and some declines. By 2023, production value stood at 7.92 billion Euros, showing a gradual upward trend. The year-on-year variation in recent years has been slight, ranging from -0.58% to 0.68%, and the CAGR over the last five years stands at approximately 0.91%.
Forecasts for the next five years suggest a steady, albeit slow, growth with a five-year CAGR estimated at 0.5% and an overall growth rate of 2.54%. It's crucial to monitor advancements in sustainable manufacturing and regulatory changes, which could impact future production values and trends.
