Between 2013 and 2023, the production value of plastic and rubber machinery in Belgium experienced significant fluctuations. Starting at 31.2 million Euros in 2013, the value decreased to a low of 18.2 million Euros in 2020. However, there were signs of recovery in recent years, with the production value reaching 24.3 million Euros in 2023. The year-on-year variation for 2022 and 2023 were 11.76% and 6.58%, respectively. The CAGR for the past five years ending in 2023 was -1.19%, indicating an overall downward trend.

Future projections suggest a stabilizing trend from 2024 to 2028, with a slight decline in production value and a forecasted CAGR of -0.33%. This implies a modest decrease over the forecasted period.

Key trends to watch for in the future include:

Technological advancements in machinery that could lead to increased efficiency and production value.
Market demand changes driven by global economic conditions, particularly in the automotive and packaging sectors.
Regulatory and environmental policies affecting plastic and rubber manufacturing processes.