From 2013-2023, household expenditure on home furnishing in Belgium grew steadily, reaching €5.73 billion in 2023. Year-on-year variations show fluctuations, such as a significant 14.84% increase in 2021. The Compound Annual Growth Rate (CAGR) for the last five years stands at 4.64%, reflecting a solid and consistent growth trend.
For 2024-2028, forecasted data suggest continued growth, albeit at a slower pace. The expected five-year CAGR is 1.91%, with an overall increase of 9.94% by 2028. Monitoring consumer preferences, economic factors, and technological advancements will be crucial in understanding future trends.
