The sold production of rubber conveyor belts in Belgium experienced significant fluctuations between 2013 and 2023, with the value peaking in 2018 at €9.58 million. Notable year-on-year variations include an increase of 20.19% in 2017 and a decrease of 30.16% in 2014. By 2023, the value stood at €8.77 million, down 1.67% from the previous year. The compound annual growth rate (CAGR) over the last five years has shown a slight negative trend at -1.75%.
For future trends, the forecasted data indicates a consistent decrease in sold production, with an average annual reduction of 1.37% projected until 2028, culminating in a five-year growth rate of -6.66%. It will be crucial to monitor changes in global demand, advancements in conveyor technology, and shifts in industrial activity that could impact production levels in Belgium.
