The production of aluminium foil in Belgium has shown significant volatility over the past decade. Following a peak in 2013, the industry saw a substantial decline through 2016. An exceptional surge occurred in 2017, but this was followed by another sharp drop in 2018. Steady yet modest growth returned from 2019 to 2021. Despite a small decline in 2022, the industry stabilized in 2023, maintaining a production volume of 21.628 million kilograms, similar to 2022.
Looking ahead, the forecast for the next five years (2024-2028) suggests a period of stability with minimal growth, averaging a 0.07% CAGR. Additionally, annual production is expected to hover around 21.7 million kilograms. This indicates a potentially steady market environment devoid of significant expansions or contractions.
Future trends to watch for:
- Technological advancements in aluminium production and recycling.
- Shifts in global demand for aluminium foil, driven by packaging and industrial uses.
- Sustainability trends influencing production practices and resource utilization.
