Key Market Indicators
Belgian spirits production is projected to decline to approximately €81 million by 2028, down from around €87 million in 2023. This represents a year-on-year decrease of 1% in compound annual growth rate (CAGR). Since 2014, the Belgian spirits supply has been decreasing at an annual rate of 0.6%. In 2023, Belgium ranked 15th in global spirits production, with Serbia surpassing it with a similar €87 million output. France, Italy, and Poland held the second, third, and fourth positions, respectively. Similarly, Belgian spirits sales are forecasted to drop to roughly €86 million by 2028, from an estimated €91 million in 2023, marking an annual decline rate of 0.8%. The Belgian market has seen a steady decrease of 1.8% per year since 2014. In 2023, Belgium was ranked 16th in spirits sales, with Slovakia taking the lead with a comparable €91 million in sales. France, Poland, and Italy rounded out the top four in this ranking.
