The production of textiles and wearing apparel in Belgium has shown a declining trend over the past decade. In 2023, production stood at 3.69 billion Euros. From 2019 to 2023, the Compound Annual Growth Rate (CAGR) indicated an annual average decline of 4.29%. Notable yearly variations include a significant drop in 2020 (-17.44%) and a partial recovery in 2021 (+16.62%). However, from 2022, the decline persisted with year-on-year decreases of 3.24% and 3.28% in 2022 and 2023 respectively.
Future projections indicate this declining trend will continue, with the forecast for 2028 showing a decrease to 3.04 billion Euros, representing a -3.1% CAGR over the coming five years and an overall reduction of 14.55% from 2023.
Future trends to watch include the impact of technological advancements in textile manufacturing, shifts in consumer demand towards sustainable fashion, and changes in trade policies that could affect production costs and export opportunities for Belgian textiles and apparel.
