The production of textiles in Belgium showed a clear declining trend from 2013 to 2023, with significant fluctuations. Notably, the year-on-year production value dropped sharply in 2020 by 17.55% due to external factors. From 2021 to 2023, the values showed slight improvement and recovery, but as of 2023, the value stood at 3.19 billion euros, reflecting a consistent average decline of -3.69% CAGR over the last five years. Forecasts for the next five years predict a continued decline with a CAGR of -2.69%, seeing the value fall to approximately 2.7 billion euros by 2028.

Future trends to watch for:

Impact of automation and digitalization on production efficiency.
Strategic shifts towards sustainable and environmentally friendly production methods.
Changes in global trade policies and their effect on Belgium’s textile exports.
Market demand fluctuations due to economic conditions and consumption patterns.
The role of innovation in textile materials and its impact on production volumes and values.