From 2013 to 2023, Belgium's market for shawls, scarves, mufflers, mantillas, veils, and similar items other than silk displayed fluctuations. The value per capita peaked in 2015 at €2.50, then experienced a slight decline to €1.98 in 2020, possibly due to reduced consumer spending amid the COVID-19 pandemic. However, post-2020, there has been a notable recovery, culminating in a value per capita of €2.43 in 2023.
The annual growth rate over the past two years reached approximately 0.83%. The compound annual growth rate (CAGR) for the last five years was around 0.18%.
Future trends to monitor include the impact of sustainability trends on material selection and the influence of fashion cycles on consumer preferences, which may drive demand variability. Adaptation to digital commerce and sustainability will be critical for market participants.
