The Electric Domestic Appliances market in Belgium has demonstrated fluctuations over the past decade, with an overall growth trend. Notable drops were recorded in 2014 and 2018, followed by recoveries in subsequent years. The market peaked at 1.2051 Billion Euros in 2017 but experienced a decline in 2019 and 2022. The average annual growth rate (CAGR) over the past five years stands at -0.92%.
Year-on-Year variation highlights include:
- 2012: -8.46%
- 2013: 0.39%
- 2014: -7.46%
- 2015: 11.9%
- 2016: 7.01%
- 2017: 4.33%
- 2018: -4.89%
- 2019: -5.14%
- 2020: 6.35%
- 2021: 1.18%
- 2022: -1.62%
In 2023, the market is projected to stabilize at approximately 1.158 Billion Euros. Future trends to watch for include increased investment in smart appliances, energy efficiency enhancements, and growing consumer interest in sustainable products, which are likely to drive market growth in the coming years.
How does Belgium rank in Electric Domestic Appliances Market Size Value?
| # | 16 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 9,354,100,000 | 2023 | +1.7% | +3.37% | View data |
| 2 | 2 United Kingdom | 8,179,000,000 | 2023 | +1.41% | +1.46% | View data |
| 3 | 3 Italy | 5,483,100,000 | 2023 | +1.29% | +4.37% | View data |
| 4 | 4 Germany | 5,444,000,000 | 2023 | +1.42% | +4.91% | View data |
| 5 | 5 Spain | 3,760,200,000 | 2023 | +4.38% | +5.45% | View data |
| 6 | 6 Poland | 2,560,200,000 | 2023 | +2.16% | +3.51% | View data |
| 7 | 7 Netherlands | 1,462,800,000 | 2023 | +3.58% | -2.33% | View data |
| 8 | 8 Belgium | 1,152,900,000 | 2023 | +0.47% | +0.12% | |
| 9 | 9 Denmark | 1,054,800,000 | 2023 | +1.86% | +4.31% | View data |
| 10 | 10 Austria | 1,050,100,000 | 2023 | +2.3% | +3.39% | View data |
