The Knitted and Crocheted Hosiery Market in Belgium has experienced a noticeable decline over the past decade. Starting at 15.36 million in 2012, the market saw fluctuations but maintained a generally downward trend, reaching 10.673 million in 2022. Particularly steep declines were observed in 2017 (-4.7%) and 2018 (-20.56%). Despite minor upticks in some years, the average CAGR from 2016 to 2022 was a negative 5.6%, indicating a consistent shrinkage in market size.
Future trends to watch for include the potential resurgence of demand driven by fashion trends or technological advancements in hosiery products, as well as the impact of economic recovery post-2023 on consumer spending habits in this sector.
