The gross investment in the footwear sector in Belgium has shown substantial variability in recent years. From a peak of 3.0 million Euros in 2020, it declined to 1.4 million Euros in 2021 and stabilized at 1.3 million Euros from 2022 onwards.
The year-on-year variations have been significant, with notable increases such as the 200% rise experienced in 2017 and a 150% increase in 2020. This has been balanced by considerable decreases, such as the 70% drop in 2016 and 53.33% in 2021. The five-year Compound Annual Growth Rate (CAGR) demonstrates an erratic trend, culminating in a flat projection of 0% growth from 2024 to 2028.
It is important to observe the investment level standing at 1.3 million Euros in 2023. Future trends to watch in the footwear sector include potential technological advancements, sustainability initiatives, and shifts in consumer preferences, as these could impact investment levels and market dynamics in the coming years.
