The sold production of concrete products for construction purposes in Belgium showed fluctuating growth from 2013 to 2023, with a value standing at 1.5316 billion Euros in 2023. The year-on-year growth varied significantly, with notable increases in 2017 (10.28%) and 2021 (10.56%), and a slight increase of 1.89% in 2023. The compounded annual growth rate (CAGR) over the last five years (2019-2023) averaged 3.33%, indicating a steady upward trend.
Future projections from 2024 to 2028 anticipate a moderate growth rate, with the forecast 5-year CAGR at 1.37%. The value is expected to rise to 1.6697 billion Euros by 2028, representing a forecasted 5-year growth rate of 7.04%.
Future trends to watch for include potential impacts from economic conditions, construction industry demand, technological advancements in concrete manufacturing, and regulatory changes affecting construction materials.
