The per capita market size value of hosiery made of synthetic fibers in Belgium was $6.66 in 2023. The market experienced a decline in 2020, likely due to external factors impacting consumer spending, but has shown signs of stabilization since then. The year-on-year change for the last two years, 2022-2023, indicates a slight contraction of 0.3%. Analyzing a five-year period from 2019 to 2023, the compound annual growth rate (CAGR) was negative, reflecting a generally declining trend attributed to reduced consumer interest or broader economic shifts.
Future trends to watch include a potential rebound driven by increased consumer demand for environmentally friendly synthetic fibers, innovations in smart textiles, and growth opportunities due to fashion industry trends pivoting back towards hosiery as a key accessory.
