Between 2012 and 2023, the volume of electric domestic appliances per capita in Belgium exhibited a general upward trend. Starting at 0.89 in 2012, the market experienced fluctuations year-on-year but overall grew, reaching a value of 1.14 by 2022. The most significant increments were observed in 2017 and 2018, with values of 1.09 and 1.14, respectively, showing robust market growth. Over the last two years, the market slightly contracted and then stabilized, showing a year-on-year variation of -1.7% in 2019 and +4.5% in 2021. The Compound Annual Growth Rate (CAGR) over the last five years (from 2017 to 2022) stands at around 0.9%, indicating steady market growth.
Future trends to watch for include increased adoption of energy-efficient appliances, the impact of smart home technology integration, and the influence of sustainable consumer behaviors on purchasing patterns. Market players should monitor regulatory changes and advancements in technology that could further drive growth in this market segment.
