In 2023, the knitted and crocheted hosiery market size volume in Belgium stood at 10.478 million. Forecast data from 2024 to 2028 indicates a consistent downward trend, with the market value declining from 10.021 million in 2024 to 8.2407 million in 2028. The year-on-year variation shows a steady decrease with an average annual decrease of around 4.5%. The Compound Annual Growth Rate (CAGR) over the next five years is projected to be negative, indicating an average decline per year in market size.
Future trends to watch for include potential shifts in consumer preferences towards sustainable and eco-friendly hosiery options, advancements in textile technology, and the impact of economic factors on discretionary spending within the fashion sector. Additionally, the integration of e-commerce and digital marketing strategies will play a crucial role in market dynamics.
