In Belgium, production in the Retail Sale in Non-Specialized Stores Sector rose from 8.48 billion Euros in 2013 to 15.81 billion Euros in 2023. The sector demonstrated varied year-on-year changes with notable peaks, such as a 29.23% increase in 2018, while 2016 saw a decrease of 5.64%. The Compound Annual Growth Rate (CAGR) over the last 5 years was moderate at 4.45%, indicating steady growth. Moving forward, forecast data suggests continued expansion, with the value expected to reach 18.39 billion Euros by 2028, reflecting a forecasted 5-year CAGR of 2.38%.
Key trends to monitor include the impact of e-commerce growth on traditional retail, changes in consumer behavior post-pandemic, technological advancements in retail, and economic factors influencing consumer spending.
