The forecasted turnover for the retail sale via stalls and markets sector in Belgium shows a steady increase from 2024 to 2028. Starting at 465.4 million Euros in 2024, it is expected to grow to 472.6 million Euros by 2028. This represents a modest but consistent year-on-year increase. Assuming the turnover in 2023 was 463 million Euros, this would correspond to an initial increase of 0.52% from 2023 to 2024.
Year-on-year variations observed:- 2024 to 2025: 0.47%- 2025 to 2026: 0.41%- 2026 to 2027: 0.36%- 2027 to 2028: 0.30%
Looking at a longer period, the compound annual growth rate (CAGR) from 2023 to 2028 is approximately 0.43%. This indicates a stable growth trend, albeit slow, in the sector.
Watching future trends, it will be essential to monitor the impact of digitalization and online market integration on traditional stalls and markets. Additionally, shifts in consumer behavior towards sustainable and local products may drive changes within this sector.
