The knitted and crocheted hosiery market in Belgium shows a declining trend over the past decade. From 2012 to 2015, the market size volume per capita hovered around 1.33 to 1.38 percent. However, post-2015, there was a noticeable decline, reaching as low as 0.92 percent in 2022. The year-on-year variation from 2022 to 2023 is not available yet, residing at 0.92 percent in 2023. Over the last two years, the market declined by approximately 3.2 percent. The Compound Annual Growth Rate (CAGR) over the last five years indicates an average reduction of about 1.6 percent per annum.
Future trends to watch for include potential market stabilization as hoped improvements in sustainable fashion and eco-friendly materials might appeal more to consumers. Additionally, changes in consumer behavior towards e-commerce could influence market dynamics positively or negatively. Close attention should be paid to socioeconomic factors, which might drive future market demand.
