Forecast: Footwear with Uppers of Textile Materials Market Size Value in Belgium

In Belgium, the market size for footwear with uppers of textile materials has shown significant fluctuations from 2013 to 2023. As of 2023, the market value stood at 624.74 million USD. The year-on-year variation for 2022 to 2023 indicates a growth of 6.7%, down from the 8.19% seen from 2021 to 2022. Analyzing over the last five years, the compound annual growth rate (CAGR) stands at 1.62%, reflecting moderate growth.

Future trends to watch for include continued steady growth with an anticipated 2.99% CAGR over the next five years, leading to a projected market value of 754.63 million USD by 2028. Key drivers may include evolving textile technologies, shifting consumer preferences towards sustainable materials, and rising e-commerce trends.

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