The market for shawls, scarves, mufflers, mantillas, veils, and similar products made of silk or silk waste in Belgium displayed a decreasing trend over the past decade. From 2013 to 2023, the market shrank from 7.5006 million euros to 3.1376 million euros. The market showed a significant year-on-year decline in recent years, highlighted by a drop of 9.87% in 2023 after a slight rise in 2022. The compound annual growth rate (CAGR) over the last five years was approximately -5.87%, indicating a shrinking demand for these products.
Future trends to watch include potential influences such as increased sustainability demands, shifts in fashion trends favoring other materials, and economic factors impacting consumer spending on luxury silk accessories. Continued monitoring of international trade policies and developments in the textile industry could also significantly affect the market.
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 33,568,000 | 2023 | +0.23% | -1.55% | View data |
| 2 | 2 Spain | 18,501,000 | 2023 | -0.97% | -2.08% | View data |
| 3 | 3 Austria | 9,358,900 | 2023 | -0.53% | -2.36% | View data |
| 4 | 4 Belgium | 3,137,600 | 2023 | -9.87% | -5.87% | |
| 5 | 5 Czech Republic | 2,435,300 | 2023 | -1.36% | -2.07% | View data |
| 6 | 6 Finland | 2,053,300 | 2023 | -0.17% | -0.49% | View data |
