Key Market Indicators
Belgian Footwear Sales are projected to decline significantly, with estimates indicating a drop to €13 million by 2028 from the current €21 million in 2023. This represents an average annual decrease of 7.8%. The Belgian footwear market has been on a downward trend since 2014, experiencing an average yearly decline of nearly 12%. In the latest rankings for 2023, Belgium occupies the 19th position, having been overtaken by Estonia, which now also stands at €21 million. In the broader European context, Spain, Germany, and Portugal hold the second, third, and fourth positions, respectively, in footwear sales.
