Forecast: Production in Manufacture of Clay Building Materials Sector in Belgium

The production value in the manufacture of clay building materials sector in Belgium showed varying trends from 2013 to 2023. Starting from €384.9 million in 2013, the sector experienced significant growth peaks, especially noteworthy in 2014 with a 19.33% increase, reaching €459.3 million. Subsequent years saw fluctuations, including a decline of 9.91% in 2018 to €421.8 million. From 2019 onward, the sector demonstrated a more stable upward trend, culminating in €493.1 million in 2023, marking a 0.65% year-on-year increase. Over the past five years, the compound annual growth rate (CAGR) averaged at 3.17%.

Looking ahead, forecasts suggest that the production value in this sector will continue to rise but at a slower pace, with a predicted CAGR of 0.26% from 2024 to 2028. By 2028, the production value is expected to reach €502.1 million, representing a total growth rate of 1.31% over five years.

Future trends to watch for include the potential impact of sustainability regulations and technological advancements in manufacturing processes, which might alter production costs and demand for clay building materials. Additionally, economic factors and construction industry dynamics will play crucial roles in shaping the sector's growth trajectory.