The cutlery market in Belgium saw significant fluctuations between 2013 and 2023, with turnover peaking in 2015 at EUR 25.2 million and reaching a low in 2017 at EUR 15.6 million. By 2023, turnover stood at EUR 18.2 million, representing a slight improvement over recent years. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 was approximately 1.98%, reflecting moderate growth. Year-on-year variations have mostly been minor, with the last two years (2022 and 2023) showing increases of 1.12% and 1.11%, respectively.
Looking forward, the market is forecasted to grow modestly with a predicted CAGR of 0.33% from 2024 to 2028. By 2028, turnover is expected to stabilize at EUR 18.6 million.
Future trends to watch for include:
- Consumer preferences shifting towards sustainable and high-quality materials.
- Potential economic impacts and inflation influencing consumer spending.
- Technological advancements in manufacturing and design.
