The export of whiskies from Belgium has seen a significant growth from 2013 to 2023, escalating from $65.086 million to $129.19 million. The year-on-year variations have shown volatility, with notable increases in 2017 (32.13%) and 2021 (19.69%) juxtaposed with declines in 2015 (-13.16%) and 2020 (-12.94%). The CAGR over the past five years stands at 3.42%, indicating modest growth during this period.
Looking forward from 2024, forecasts suggest a continued upward trajectory, with the export value expected to reach $154.94 million by 2028, reflecting a forecasted 5-year CAGR of 2.91%. This translates to a 15.41% growth rate over this forecasted period.
Future trends to watch include potential market adjustments due to evolving international trade policies, shifts in global demand for premium versus standard whiskey, and economic fluctuations that could impact purchasing power and trade relations.
