Based on data for the import of ceramic tiles and flags into Belgium, we observe significant growth over the past decade, with values rising from 22.26 million square meters in 2013 to 41.99 million square meters in 2023. The upward trend is highlighted by a notable year-on-year percentage increase, especially marked in 2020 with a 15.7% rise and in 2021 with a remarkable 27.33% growth. The Compound Annual Growth Rate (CAGR) for the five years leading up to 2023 was strong at 11.07%.
The forecast for 2024 to 2028 indicates a steady average annual growth rate of 3.12%, with the import volumes expected to reach 51.14 million square meters by 2028. The total forecasted growth over these five years is 16.6%.
Future trends to watch for include potential market stabilization post-2024 as growth rates moderate, possible impacts from global supply chain variations, and shifts in construction and interior design demands influencing the import volumes of ceramic tiles and flags.
