The turnover in the wholesale of household goods sector in Belgium stood at 87 billion euros in 2023. Forecasts for 2024 indicate an increase to 89.25 billion euros. This upward trend is expected to continue, with the turnover projected to reach 98.41 billion euros by 2028. This represents a steady year-on-year growth ranging from approximately 2.5% to 2.7% annually. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is anticipated to be around 2.5%.
Future trends to watch for in this sector include:
- Increasing consumer demand for sustainable and eco-friendly household products.
- Technological advancements and their impact on supply chain efficiency.
- Potential economic fluctuations influencing consumer spending habits.
- Trade policies and regulations within the EU affecting the wholesale market dynamics.
