The production of paper and paper products in Belgium displayed a fluctuating trend from 2013 to 2023, with periods of growth and decline. The value stood at 4.2 billion euros in 2023. Early in the data series, there were some significant fluctuations: a notable increase in 2014, followed by a substantial decline in 2015, and a continuous moderate decline until 2020, when the market experienced a steep drop. However, the sector rebounded in 2021, and since then, the values have stabilized with only slight variations.
The year-on-year variation for the past two years (2022 and 2023) indicates stability with minor positive changes. The compound annual growth rate (CAGR) over the last five years has also been slightly positive, averaging around 0.029% annually.
Future trends indicate a conservative yet steady growth forecast, with the production value reaching around 4.23 billion euros by 2028. The forecasted 5-year CAGR is expected to be at 0.11%, suggesting a relatively stable yet slow growth rate.
Future Trends to Watch For:
- Sustainability and recycling trends influencing production processes and product types.
- The impact of digitalization reducing traditional paper demand.
- Emerging market trends like eco-friendly packaging solutions.
