Belgium: Sportswear Market 2024

Sportswear Market Size in Belgium

The Belgian sportswear market shrank notably to $X in 2021, falling by -80.7% against the previous year. Over the period under review, consumption continues to indicate a abrupt descent. As a result, consumption reached the peak level of $X, and then shrank dramatically in the following year.

Sportswear Production in Belgium

In value terms, sportswear production stood at $X in 2021 estimated in export price. Overall, production recorded a sharp decline. The pace of growth was the most pronounced in 2018 when the production volume increased by 230% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Sportswear Exports

Exports from Belgium

In 2021, after two years of growth, there was significant decline in shipments abroad of track suits, ski suits and swimwear, when their volume decreased by -19.9% to X units. In general, exports, however, posted a mild expansion. The pace of growth was the most pronounced in 2020 with an increase of 647%. As a result, the exports attained the peak of X units, and then shrank rapidly in the following year.

In value terms, sportswear exports fell slightly to $X in 2021. Overall, exports, however, posted a temperate increase. The pace of growth appeared the most rapid in 2020 when exports increased by 436% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Germany (X units), France (X units) and Spain (X units) were the main destinations of sportswear exports from Belgium, together comprising 67% of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +20.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Spain ($X) constituted the largest markets for sportswear exported from Belgium worldwide, with a combined 59% share of total exports. These countries were followed by the Netherlands, Italy, Poland, Romania, Austria, the UK, Portugal and Turkey, which together accounted for a further 28%.

Romania, with a CAGR of +22.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sportswear export price stood at $X per unit in 2021, jumping by 20% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 23% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sportswear Imports

Imports into Belgium

In 2021, the amount of track suits, ski suits and swimwear imported into Belgium plummeted to X units, which is down by -52.5% on 2020. Overall, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 378% against the previous year. As a result, imports attained the peak of X units, and then dropped rapidly in the following year.

In value terms, sportswear imports rose modestly to $X in 2021. Over the period under review, imports, however, recorded tangible growth. The pace of growth was the most pronounced in 2020 when imports increased by 193% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Vietnam (X units) and France (X units) were the main suppliers of sportswear imports to Belgium, together comprising 42% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +70.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and China ($X) appeared to be the largest sportswear suppliers to Belgium, with a combined 45% share of total imports. Cambodia, Vietnam, the Netherlands, Sri Lanka, Turkey, the UK, Indonesia and Malaysia lagged somewhat behind, together comprising a further 40%.

Vietnam, with a CAGR of +49.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average sportswear import price amounted to $X per unit, growing by 119% against the previous year. Overall, the import price, however, saw a deep setback. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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