Household expenditure on household appliances in Belgium has been progressively rising over the past decade, with notable growth from €1.83 billion in 2013 to €2.43 billion in 2023. The year-on-year variations were significantly positive during 2020 and 2021, with increases of 8.13% and 7.68%, respectively, showing strong consumer demand. Over the last two years, the growth has moderated, with a 0.26% increase in 2022 and a 2.28% rise in 2023.
Looking ahead, the forecasted data suggests a continued upward trend, with the 5-year CAGR projected at 1.61% from 2024 to 2028, indicating sustained, albeit slower, growth. By 2028, household expenditure on household appliances is expected to reach approximately €2.69 billion.
Future trends to watch for include the impact of technological advancements in household appliances, evolving consumer preferences towards sustainable and energy-efficient products, and the potential economic factors that may influence disposable incomes and spending capacity.
