The household expenditure on mobile phone and telephone equipment in Belgium exhibited fluctuating trends from 2013 to 2023. Starting with a value of €231.5 million in 2013, it saw a steady rise until 2017, peaking at €261.4 million. Between 2018 and 2019, a decline occurred, followed by a substantial increase in 2020 to €317.9 million, likely due to the COVID-19 pandemic and its impact on remote communication needs. However, from 2021 onwards, the expenditure slightly decreased to €295.0 million in 2022 and stabilized at €295.1 million in 2023.
Key trends to note:
- Strong growth in 2017 with a year-on-year increase of 8.15%.
- Significant expansion in 2020 with a 29.07% increase, reflecting increased remote communications.
- A slight stabilization from 2021 to 2023, with an almost negligible year-on-year increase of 0.034% in 2023.
On average, the compound annual growth rate (CAGR) from 2018 to 2023 stood at approximately 2.5%. Looking forward, expenditure is forecast to remain stable around €295.4 million, with expected minimal annual growth.
Trends to watch for in the future:
- Technological advancements and 5G adoption might drive slight increases in expenditure.
- Potential economic recovery post-pandemic could increase disposable income and spending on communication equipment.
- Ongoing developments in remote work and digital communication solutions.
