The Belgian market for babies' garments and clothing accessories knitted or crocheted shows a consistent decline in value from 2013 to 2023, reaching 198.2 million USD in 2023. The compound annual growth rate (CAGR) over the past five years highlights a steady annual decrease, indicating a contraction of 0.89% per year. Both the year-on-year declines and the five-year CAGR underscore a negative trend in market size.
Future trends to watch for include:
- Potential stabilization as the market adapts to changing consumer preferences.
- Impact of sustainable and ethical fashion trends on market dynamics.
- Innovations in baby clothing technology and materials which may influence consumer spending.
| # | 39 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 6,036,800,000 | 2023 | +1.64% | +0.24% | View data |
| 2 | 2 India | 2,394,200,000 | 2023 | +10.03% | +6.99% | View data |
| 3 | 3 United Kingdom | 2,053,600,000 | 2023 | -1.05% | -0.68% | View data |
| 4 | 4 France | 2,020,200,000 | 2023 | -0.27% | -0.62% | View data |
| 5 | 5 Germany | 1,759,500,000 | 2023 | +2.73% | +1.46% | View data |
| 17 | 17 South Africa | 211,000,000 | 2023 | -0.63% | -0.57% | View data |
| 18 | 18 Denmark | 199,100,000 | 2023 | +0.28% | +1.08% | View data |
| 19 | 19 Belgium | 198,200,000 | 2023 | -0.66% | -0.89% | |
| 20 | 20 Sweden | 185,330,000 | 2023 | -0.35% | -0.23% | View data |
| 21 | 21 Switzerland | 175,540,000 | 2023 | +1.77% | +1.38% | View data |
