In Belgium, the volume per capita of knitted and crocheted hosiery stood at a baseline figure in 2023. Forecast data suggests a consistent yearly decline from 2024 to 2028. Specifically, there is a projected drop from 0.8 s per capita in 2024 to 0.6 s per capita by 2028, indicating a steady decrease of 0.05 s per capita annually.
Year-on-year variation shows:
- 2024-2025: -6.25%
- 2025-2026: -6.67%
- 2026-2027: -7.14%
- 2027-2028: -7.69%
The compounded annual growth rate (CAGR) from 2024 to 2028 is negative, averaging around -6.94% per year, indicating a diminishing market for knitted and crocheted hosiery in Belgium.
Future trends to watch for include changing consumer preferences toward more sustainable and environmentally-friendly hosiery products, as well as potential market disruptions from new entrants focusing on innovation and technology in textile production.
