The Belgium underwear market experienced fluctuations from 2012 to 2022, with values ranging from 198.58 million in 2012 to a peak of 219.82 million in 2018. Between 2013 and 2017, the market saw minor growth and decline, with annual variations hovering around -1% to 1%. The market experienced significant growth in 2018 (12.22%). However, this was followed by a period of decline, and the value in 2022 stood at 191.18 million. Year-on-year variation exhibited significant volatility, with notable declines in 2019 (-3.57%), 2020 (-5.89%), and 2021 (-6.25%). The CAGR for the period ending in 2022 was -0.48%, reflecting an overall downtrend in the last five years.
Future trends to watch for include potential market stabilization or further decline, influenced by factors such as changing consumer preferences, economic conditions, and shifts towards sustainability. The forecasted data for 2024 will be key in understanding the direction of market evolution.
