Household expenditure on home goods in Belgium stood at 16.35 billion Euros in 2023. Forecasts indicate a steady upward trend with expenditure reaching 16.78 billion Euros in 2024, 17.21 billion Euros in 2025, 17.64 billion Euros in 2026, 18.07 billion Euros in 2027, and 18.49 billion Euros in 2028.
The year-on-year variations are as follows:
- 2023-2024: 2.63%
- 2024-2025: 2.56%
- 2025-2026: 2.50%
- 2026-2027: 2.44%
- 2027-2028: 2.32%
The cumulative average growth rate (CAGR) over the five years is 2.49%.
Future trends to watch for include potential impacts from digitalization of retail, sustainability preferences of consumers, and economic fluctuations which may influence household expenditure patterns on home goods. Additionally, technology integration in home goods and shifts towards smart home solutions could drive further growth.
