The market size value per capita for women's and girls' dresses made of artificial fibers in Belgium has consistently declined from 2013 to 2023, reaching $1.86 US Dollars per capita in 2023. Over the past two years, the market saw a 17% decrease from $2.54 in 2020 to $2.04 in 2022, followed by a 8.8% drop to $1.86 in 2023. The compound annual growth rate (CAGR) over the last five years is -7.3%, indicating a significant and continuous downturn in consumer spending on these garments despite slight fluctuations between specific years.
Future trends to watch for include:
- Potential shifts towards sustainable or natural fibers, impacting artificial fiber demand.
- Economic factors influencing discretionary spending on fashion.
- Technological advancements in textile production might alter cost structures.
