The import of whiskies to Belgium has experienced significant fluctuations over the past decade. From 2013 to 2015, there was a noticeable decline, followed by a dramatic increase in 2016. Subsequent years saw more varied changes, with substantial growth in 2018 and a slight downturn in 2020. By 2023, imports stood at 31.902 million kilograms, reflecting a stable growth trend with a year-on-year increase of 4.54% over the previous year. The compound annual growth rate (CAGR) for the last five years leading up to 2023 is at 2.04%, a sign of slower but steady growth.
Future Trends to Watch For:
- Continued steady growth with a forecasted CAGR of 3.23% from 2023 to 2028.
- Expansion in import volume is expected to reach 39.06 million kilograms by 2028, indicating a cumulative growth rate of 17.22% over the next five years.
- Potential influences of global trade policies, economic conditions, and shifts in consumer preferences towards premium and diverse whisky varieties.
