The turnover of glass and glass products in Belgium has experienced notable fluctuations between 2013 and 2023, with a significant increase from 2.01 billion Euros in 2013 to 4.6 billion Euros in 2023. The year-on-year variation demonstrates both positive and negative shifts, with substantial growth of 53.72% in 2018 and a decline of -15.46% in 2020. Over the last five years, the CAGR stands at 7.27%, showcasing a steady average growth per year.
Future trends to watch for include:
- Continued growth in turnover, with forecasted values expected to reach 6.09 billion Euros by 2028.
- Observing the forecasted 5-year CAGR of 4.26%, indicating a relative slowdown compared to the past five years.
- Monitoring external factors such as market demand, technological advancements, and economic conditions that could impact future growth.