Forecast: Sold Production of Concrete Products for Construction Purposes in Belgium

The sold production of concrete products for construction purposes in Belgium increased from 10.443 billion kilograms in 2013 to 14.665 billion kilograms in 2023. After a period of volatility between 2013 and 2019, where the market experienced fluctuations, a more robust upward trend began around 2020. The year 2020 marked a significant jump with an 8.34% increase, followed by a remarkable 17.81% increase in 2021. Although the growth rate slowed to 1.64% in 2022 and 1.66% in 2023, it has remained positive.

The Compound Annual Growth Rate (CAGR) over the last five years stands at 5.56%, demonstrating strong growth in the market. Looking to the future, the forecast data suggests a continued upward trajectory, with the volume expected to reach 15.826 billion kilograms by 2028.

Future trends to watch for:

• Continual growth driven by increased construction activities and infrastructure projects.
• Potential impact of innovative concrete materials and sustainable construction practices.
• Influence of economic stability and regulatory policies on construction demand.