Production in the retail sale via mail order houses or via internet sector in Belgium has displayed substantial growth over the past decade. In 2023, the value stood at 4,680 million euros. From 2013 to 2017, values fluctuated but maintained moderate growth, with notable peaks and troughs. A significant surge commenced in 2018, rising sharply through 2023. The year-on-year variations emphasize the volatility and subsequent strong uptrend in recent years, reflecting robust market expansion. The last five years showed an impressive compound annual growth rate (CAGR) of 45.85%.
Moving forward, it is forecasted that this sector will grow at a CAGR of 8.47% over the next five years, reaching 8,060 million euros by 2028, which indicates a 50.19% cumulative growth rate. Future trends to watch for include technology advancements in e-commerce, increased consumer adoption of online shopping, and potential market saturation effects.
