The market size value per capita for women and girls' ensembles made of synthetic fibres in Belgium has been on a declining trend from 2013 to 2023. In 2023, the value stood at $0.12 per capita, marking a significant decrease from its $0.34 per capita in 2013. Over the last two years, a further decline was observed, with a year-on-year reduction of 14.3% in 2022 and 14.3% in 2023. The compound annual growth rate (CAGR) over the last five years was a negative 6.7%, indicating a consistent downward trend.
Future trends to watch for include:
- Increasing consumer preference for natural and sustainable fibres, potentially accelerating the decline.
- Innovations in synthetic fibre production that might reverse current trends.
- Changes in fashion trends that could influence demand for synthetic fibres in the Belgian market.