The aluminium foil market in Belgium, specifically for foil with thickness equal to or less than 0.2 mm, shows a positive trend in recent years. As of 2023, the market size volume reached 54.158 million kilograms. Over the past decade, the market exhibited fluctuating growth with a significant uptick post-2016, marked by a strong recovery leading to steady growth, with a compound annual growth rate (CAGR) of 2.66% over the past five years. The last two years have shown moderate growth, rising by 2.1% annually in 2023.
Future trends to watch for include:
- Potential impacts of sustainability initiatives and shifts towards eco-friendly packaging, influencing market dynamics.
- Technological advancements in foil production enhancing product quality and efficiency, which may drive market demand.
- Possible fluctuation in raw material costs affecting pricing strategies.
How does Belgium rank in Aluminium Foil, of a Thickness Inferior or Equal to 0,2 Mm Market Size Volume?
| # | 11 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 255,090,000 | 2023 | +1.32% | -0.18% | View data |
| 2 | 2 Germany | 167,730,000 | 2023 | +0.1% | +0.9% | View data |
| 3 | 3 United Kingdom | 122,280,000 | 2023 | +1.04% | +0.4% | View data |
| 4 | 4 Poland | 107,670,000 | 2023 | +3.98% | +4.18% | View data |
| 5 | 5 Belgium | 54,158,000 | 2023 | +2.1% | +2.66% | |
| 6 | 6 Denmark | 31,575,000 | 2023 | +2.27% | +0.99% | View data |
| 7 | 7 Greece | 30,862,000 | 2023 | -7.95% | -4.21% | View data |
