The market size volume for men's and boys' knitted or crocheted undergarments and similar articles in Belgium grew in 2023 to 22.97 million units. From 2013 to 2023, the market experienced fluctuating growth rates, with significant growth from 2013 to 2018 and a decline in 2019. In recent years, steady moderate growth resumed, achieving a 2023 year-on-year increase of 2.76%. The compound annual growth rate (CAGR) over the last five years highlights a modest decline, reflecting a volatile market yet indicating stability returning.
Future trends to watch for:
- The impact of sustainable materials on consumer preferences.
- Post-pandemic shifts in consumer behavior towards comfort-focused garments.
- Potential market growth driven by e-commerce expansion and changing fashion trends.
