The market size value per capita for women's and girls' trousers and shorts made of wool in Belgium has experienced a notable decline from 2013 to 2023. In 2023, it stood at $0.035, marking a continuous downward trend from $0.24 in 2013, reflecting an overall reduction in consumer spending or demand for these specific woolen garments. The year-on-year decrease over the last two years was approximately 23.1% (2022-2023) and 3% (2021-2022), indicating a slowed but persistent decline, with the five-year CAGR being around -9.54%, showcasing a gradual contraction in market size.
Future trends to watch for include:
- Potential shifts towards sustainable fashion which may stabilize or boost wool garment demand.
- Growing digital marketing strategies reaching eco-conscious consumers.
- Increasing competition from synthetic alternatives and fast fashion.
- Potential market recovery aligned with increasing awareness and support for natural fibers.