Key Market Indicators
Belgian wine consumption is projected to hit 348,000 metric tons by 2028, up from 329,000 metric tons in 2023, marking an average annual growth rate of 0.9%. This continues a trend seen since 2019, with Belgian demand increasing by 0.3% on average each year. In 2023, Belgium ranked 15th in global wine consumption, with the Netherlands slightly ahead at the same volume. France, the United States, and Italy held the top three spots, respectively. On the production front, Belgian wine output is expected to reach 28,520 metric tons by 2028, up from 23,630 metric tons in 2023. This represents an annual compound growth rate of 3%. Since 2005, Belgian wine production has surged by 5.5% annually. In 2023, Belgium ranked 37th globally, with Mexico just ahead at the same production level. France, Spain, and the United States were the leading producers. Financially, Belgian wine revenue dropped significantly, falling to €27.3 million in 2020 from €37 million in 2019, a decrease of 26.2% compared to the previous year.
