The sold production of cotton woven fabrics in Belgium has experienced significant fluctuations over the past decade. From 2013 to 2018, the market showed a consistent decline, driven by various factors including changes in domestic demand and global competition. An unprecedented spike in 2019 was followed by a volatile period with a stark drop in 2021 and another sharp increase by 2022. The year 2023 recorded a 10.3% year-on-year growth, standing at 71.184 Million Euros, reflecting a recent trend of recovery and expansion. The 5-year CAGR up to 2023 was 26.07%, indicating a robust recovery.

Future trends to watch for:

Continued growth trajectory with the forecasted CAGR of 4.59% from 2024 to 2028.
Potential impact of global economic factors and trade policies on the Belgian cotton woven fabric market.
Technological innovations in textile production that could enhance efficiency and lower costs.