The Belgian market for baby garments and accessories made of cotton experienced a fluctuating trajectory from 2012 to 2022. In 2012, the market stood at $188.48 million and saw minimal fluctuations until 2015, when a significant decline of -20.68% took the market down to $149.34 million. This downward trend continued through 2020, with the market hitting its lowest point at $117.57 million, indicative of an -18.45% year-on-year drop. However, a notable recovery was observed in 2021 with an 18.24% increase to $139.02 million, though it slightly retracted in 2022 to $136.44 million. The Compound Annual Growth Rate (CAGR) for the last five years was -1.33%, showing a market downturn trend.
Future trends to watch for include:
- The potential impact of sustainable and eco-friendly products driving market recovery.
- Consumer preference shifts influenced by economic conditions and evolving parental choices.
- Innovations in cotton material technology and product diversification.
How does Belgium rank in Baby Garments and Accessories Made of Cotton Market Size Value?
| # | 32 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 11,025,000,000 | 2023 | +0.32% | +0.2% | View data |
| 2 | 2 China | 4,664,700,000 | 2023 | +1.32% | -0.15% | View data |
| 3 | 3 United Kingdom | 1,798,500,000 | 2023 | -1.14% | -0.92% | View data |
| 4 | 4 France | 1,728,300,000 | 2023 | -0.57% | -1.1% | View data |
| 5 | 5 India | 1,716,800,000 | 2023 | +8.84% | +6.61% | View data |
| 18 | 18 Portugal | 144,820,000 | 2023 | -1.8% | -3.37% | View data |
| 19 | 19 Denmark | 137,990,000 | 2023 | -0.49% | -2.75% | View data |
| 20 | 20 Belgium | 133,910,000 | 2023 | -1.86% | -2.16% | |
| 21 | 21 Ireland | 98,053,000 | 2023 | +0.99% | -0.21% | View data |
| 22 | 22 South Africa | 96,559,000 | 2023 | -0.58% | -1.09% | View data |
