The per capita value of the baby garments and accessories made of cotton market in Belgium showed a slight decline from 2013 to 2023, decreasing from $16.73 to $11.46. The market faced a downturn between 2015 and 2019, with further contraction during the pandemic year of 2020. A modest recovery was observed in 2021, but the value continued to decline slightly through 2023.
Year-on-year from 2022 to 2023, the value decreased by 2.3%. The five-year CAGR from 2019 to 2023 suggests an average annual decline of 1.81%.
Future trends to watch include potential recovery as consumer sentiment improves post-pandemic, and an increasing preference for sustainable and organic cotton garments. Monitoring economic factors and potential demographic changes, such as birth rates in Belgium, will also be crucial for anticipating market shifts.
| # | 32 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 28.67 | 2023 | View data | ||
| 2 | 2 United Kingdom | 26.37 | 2023 | View data | ||
| 3 | 3 France | 25.45 | 2023 | View data | ||
| 4 | 4 Australia | 25.02 | 2023 | View data | ||
| 5 | 5 Denmark | 24.17 | 2023 | View data | ||
| 16 | 16 Netherlands | 13.31 | 2023 | View data | ||
| 17 | 17 Croatia | 12.59 | 2023 | View data | ||
| 18 | 18 Belgium | 11.46 | 2023 | |||
| 19 | 19 Slovenia | 11.35 | 2023 | View data | ||
| 20 | 20 Slovakia | 10.02 | 2023 | View data | ||
