The market value for women and girls' blouses and shirts made of materials other than synthetic fibers and cotton in Belgium has shown a declining trend from 2013 to 2023. It decreased from 8.6 million USD in 2013 to 6.28 million USD in 2023. Despite a significant drop in 2020 by 18.68%, there was an upward correction in 2021 with an increase of 18.04%. However, the market contracted again in 2022 and 2023 by 2.03% each year. The Compound Annual Growth Rate (CAGR) over the last five years is -2.03%.
Future trends to watch for:
- Potential shifts in consumer preferences towards eco-friendly and sustainable materials.
- Impact of global supply chain changes and material availability on market dynamics.
- Influence of fashion trends and their cyclical nature on market recovery and growth.
- Adoption of new technologies in textile manufacturing that might influence product offerings in this segment.
