Key Market Indicators
Belgium's alcoholic drink consumption is projected to climb to approximately 18,000 metric tons by 2028, up from around 17,000 metric tons in 2023. This represents an annual growth rate of 1.1%. Since 2019, demand in Belgium has largely remained stable. In 2023, Belgium ranked 65th in global alcoholic drink consumption, with Latvia slightly ahead at the same level of 17,000 metric tons. Leading the rankings were India, Japan, and Russia, occupying the second, third, and fourth positions respectively. On the export front, Belgium's alcoholic drink exports are expected to reach about $5.2 billion by 2028, rising from approximately $4.6 billion in 2023. This indicates an average annual growth rate of 2%. Since 2004, Belgium's export supply has increased by 2.3% each year.
