Based on the forecasted data from 2024 to 2028:
- 2024: €425.6M
- 2025: €387.9M (-8.86%)
- 2026: €350.4M (-9.67%)
- 2027: €313.1M (-10.65%)
- 2028: €276.0M (-11.85%)
The year-on-year variations indicate a consistent declining trend in production value. Reviewing the 5-year CAGR (Compound Annual Growth Rate), the average annual decline is roughly -10.2% from 2024 to 2028.
Monitoring factors such as advances in sustainable materials, shifts in global demand, and policy changes affecting the textile industry in Belgium will be key to understanding ongoing market dynamics and potential rebounds or continued declines in production.
