The market for men's or boys' underpants and similar articles in Belgium has seen a steady increase in volume per capita from 2013 to 2017, reaching a peak at 2.12 in 2018. A decline followed in 2019, with a minor recovery stabilizing by 2020. Since 2021, the market volume has remained constant at 1.88 s per capita.
Between 2022 and 2023, the market showed no year-on-year variation, maintaining a constant level, which marks the third consecutive year of stability following previous fluctuations.
The compound annual growth rate (CAGR) over the last five years reflects stability with negligible variation on average per year. As of 2023, the market volume per capita remains at 1.88 s.
Future trends to watch for:
- An expected resurgence in market volume post-2023 as consumer confidence possibly strengthens.
- Sustainability in textiles and innovations in fabric technology which may drive consumer interest and impact market dynamics.
- Potential shifts in consumer preferences and economic factors post-pandemic that could reshape the market landscape.