Belgium's sweeteners import volume was 2.97 million metric tons in 2023, showing a growth of 2.17% year-on-year. Over the last decade, the volume fluctuated with significant growth between 2016 and 2017, and steadier, though slower, growth in recent years. The CAGR for the past five years up to 2023 stands at 2.08%, indicating a consistent yet modest upward trend.
From 2024 onwards, the import volume is expected to continue growing, reaching 3.26 million metric tons by 2028. The forecasted five-year CAGR is projected at 1.5%, with an overall growth rate of 7.73% over this period.
Future trends to watch for:
- Potential shifts in consumer preferences toward natural sweeteners
- Economic factors affecting import policies and costs
- Technological advancements in sweetener production
- Regulatory changes at the EU level impacting import volumes
