The per capita value of the hosiery made of cotton market in Belgium has shown a consistent decline from 2013 to 2023, decreasing from $27.01 to $19.31. This represents a significant reduction, with the exception of minor fluctuations, notably an increase from 2017 to 2018. The year-on-year percentage change over the last two years was -1.8% from 2022 to 2023. The Compound Annual Growth Rate (CAGR) over the last five years was approximately -1.7%.
Future trends to watch include potential market recovery driven by sustainable fashion trends and eco-friendly materials. Monitoring consumer preferences shifting towards digital purchasing and possible economic factors impacting disposable income will be crucial.
