Key Market Indicators
Belgian clothing expenditure is projected to climb to approximately €9.8 billion by 2028, up from €9.2 billion in 2023, marking an average annual growth rate of 1%. This follows a consistent upward trend, with Belgian demand increasing by 0.5% annually since 2000. In 2023, Belgium ranked ninth in clothing expenditure, having been surpassed by Austria at €9.2 billion. Germany, Italy, and France held the second, third, and fourth positions, respectively. In contrast, Belgian apparel sales are expected to decline. Forecasts suggest sales will drop to around €453 million by 2028 from €540 million in 2023, averaging a 2.7% annual decrease. This decline continues a downward trend seen since 2010, with the market shrinking by 2.5% annually. In 2023, Belgium was ranked sixteenth, overtaken by Denmark at €540 million. Germany, France, and Spain occupied the second, third, and fourth spots in this category.
