The gross investment in the wearing apparel sector in Belgium for 2024 is forecasted at 8.4 million euros, after observing a value of 9.2 million euros in 2023. From 2024 onwards, a declining trend is projected, with values dropping to 7.2 million euros in 2025, 6.0 million euros in 2026, 4.9 million euros in 2027, and finally 3.8 million euros in 2028.
Year-on-year variations highlight significant decreases:
- 2024-2025: -14.29%
- 2025-2026: -16.67%
- 2026-2027: -18.33%
- 2027-2028: -22.45%
The compound annual growth rate (CAGR) from 2023 to 2028 indicates an average annual decrease of approximately -14.56%.
Future trends to watch include the impact of economic fluctuations, potential changes in consumer behavior towards sustainable fashion, and technological advancements in garment production which may influence investment patterns in the sector.
