Forecast: Coffee Demand in Belgium

The demand for coffee in Belgium has shown a decreasing trend over the past decade, with a steep decline from 66.0 thousand metric tons in 2014 to 51.0 thousand metric tons in 2023, indicating a year-on-year variation of -1.92% for 2023. Notably, the period from 2014 to 2019 saw significant drops, particularly -7.58% in 2015 and -6.56% in 2016. The average annual decline rate over the last five years (2018-2023) stands at -1.5%.

The forecast for the next five years (2024-2028) maintains the downward trend, with an expected further reduction to 46.84 thousand metric tons by 2028. The forecast five-year CAGR is projected at -1.34%, translating to an anticipated overall growth reduction of -6.54% by 2028.

Future trends to watch for include:

• Potential shifts in consumer preferences, possibly driven by health trends or alternative beverages.
• The impact of sustainability and ethical sourcing on demand.
• Market responses to economic factors such as inflation and disposable income levels.
• Technological advancements in coffee production and preparation methods.