The export volume of nuts from Belgium has shown a consistent upward trajectory over the past decade. In 2023, the volume stood at 50 thousand metric tons, reflecting a modest yet stable year-on-year increase of 2.04%. Analyzing the trends over the last two years, there is a steady growth, albeit at a slightly decelerating pace compared to the early years of the dataset. From 2019 to 2023, the compound annual growth rate (CAGR) has generally decreased, averaging 2.59% over the last five years.
Looking forward, forecast data suggests continued growth in export volume, with a projected 55 thousand metric tons by 2028. The forecasted CAGR for the next five years stands at a moderate 1.52%, indicating a potential slight slowdown in growth rate. Nevertheless, the overall five-year growth rate is anticipated to be 7.84%, highlighting sustained demand and market resilience.
Future trends to watch for include potential impacts from global supply chain shifts, trade agreements, and market diversification strategies. Monitoring these elements will be crucial for understanding and adapting to market dynamics, ensuring competitive positioning and leveraging growth opportunities effectively.