The market size volume per capita for women's or girls' knitted and crocheted clothing in Belgium has shown fluctuations over the last decade. In 2023, it stood at 3.17 units. A notable increase was observed from 2017 to 2019, followed by a moderate decline in 2020, likely influenced by global events. The subsequent years saw a recovery, reflecting a demand rebound. Over the past two years, an upward trend emerged, with a 9.7% increase from 2021 to 2023. The five-year compound annual growth rate revealed sustained growth, averaging at 2.6% per year.
Future trends to watch for:
- Increased consumer preference for sustainable and eco-friendly fabrics.
- Potential market expansion through e-commerce platforms.
- Impact of global economic conditions on consumer spending.
- Innovation in textile technology fostering new product offerings.
