The Footwear with Uppers of Textile Materials market in Belgium showed marked growth from 2012 to 2018, peaking at $576.63 million in 2018. However, a decline followed in 2019 and 2020 due to economic uncertainties and market disruptions, reaching $473.9 million in 2020. Recovery began in 2021 and 2022, with values stabilizing around $520.06 million. The average CAGR for the last five years stands at -0.22%, indicating a year-on-year slight contraction.
Future trends to watch for:
- Increasing demand for sustainable and eco-friendly footwear materials
- Technological advancements in manufacturing and design
- Potential resurgence post-pandemic driven by lifestyle and fashion trends
How does Belgium rank in Footwear with Uppers of Textile Materials Market Size Value?
| # | 28 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 14,592,000,000 | 2023 | +5.75% | +4.59% | View data |
| 2 | 2 Japan | 12,547,000,000 | 2023 | +2.2% | +1.82% | View data |
| 3 | 3 France | 12,147,000,000 | 2023 | +5.25% | +3.87% | View data |
| 4 | 4 United Kingdom | 10,019,000,000 | 2023 | +2.96% | +3.27% | View data |
| 5 | 5 Italy | 8,404,300,000 | 2023 | +4.26% | +1.2% | View data |
| 14 | 14 South Africa | 1,323,100,000 | 2023 | +0.43% | -0.58% | View data |
| 15 | 15 Portugal | 902,010,000 | 2023 | +2.93% | +1.35% | View data |
| 16 | 16 Belgium | 624,740,000 | 2023 | +6.7% | +1.62% | |
| 17 | 17 Norway | 529,820,000 | 2023 | -12.62% | -9.15% | View data |
| 18 | 18 Finland | 507,700,000 | 2023 | +4.39% | +2.43% | View data |
