Forecast: Waterproof Footwear Market Size Value in Belgium

The waterproof footwear market size in Belgium has shown a considerable upward trend from 2013, with significant year-on-year variations. After dipping in 2014, the market experienced robust growth, peaking in 2023 with a value of 56.998 million USD. The last two years exhibited moderate growth, with year-on-year variations of 2.21% in 2022 and 2.12% in 2023. Over the last five years leading to 2023, the CAGR was calculated at 2.6%, indicating a consistent but moderate growth rate.

Looking ahead from 2024 to 2028, the forecast suggests a steady increase with a moderate 5-year CAGR of 1.62%. The market is anticipated to grow by 8.37% over this period, reaching 63.175 million USD in 2028.

Future trends to watch for include:

  • Technological advancements in waterproofing materials for enhanced durability and comfort
  • Increasing consumer preference for multifunctional, stylish waterproof footwear
  • The impact of sustainability and eco-friendly practices in manufacturing processes
  • Market dynamics influenced by climate change and increased awareness of outdoor activities
  • Potential fluctuations in consumer spending and economic factors post-pandemic.

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