From 2013 to 2023, the women and girls' underwear and nightwear knitted or crocheted market in Belgium showed an overall declining trend, moving from a market size of USD 332.59 million in 2013 to USD 171.67 million in 2023. Notable periods include a significant decrease of 17.23% in 2015 and a consistent decline from 2021 to 2023, with decreases of 14.53%, 7.02%, and 7.48% year-on-year respectively. The compounded annual growth rate (CAGR) from 2018 to 2023 was at -6.81%, indicating a persistent downward trend.
Future trends to watch for may include the impact of sustainable fashion movements, as consumer preferences shift towards eco-friendly materials, which might revitalize the market. Additionally, increased digitalization and e-commerce are expected to influence customer buying behaviors, potentially offsetting declines in traditional retail sales.
How does Belgium rank in Women and Girls Underwear and Nightwear Knitted or Crocheted Market Size Value?
| # | 37 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 2,553,400,000 | 2023 | -1.29% | -1.25% | View data |
| 2 | 2 France | 2,262,600,000 | 2023 | -1.22% | -1.42% | View data |
| 3 | 3 Germany | 2,231,000,000 | 2023 | -1.14% | -2.67% | View data |
| 4 | 4 Japan | 2,197,600,000 | 2023 | -8.47% | -8.18% | View data |
| 5 | 5 India | 1,434,800,000 | 2023 | +3.33% | +4.97% | View data |
| 16 | 16 Mexico | 215,780,000 | 2023 | +0.96% | +0.37% | View data |
| 17 | 17 Portugal | 182,640,000 | 2023 | -0.61% | -0.2% | View data |
| 18 | 18 Belgium | 171,670,000 | 2023 | -7.48% | -6.81% | |
| 19 | 19 Norway | 168,600,000 | 2023 | -0.86% | -2.19% | View data |
| 20 | 20 New Zealand | 157,350,000 | 2023 | -0.2% | +0.53% | View data |
