Food products turnover in the Netherlands has shown a generally upward trend from 2013 to 2023, with occasional slight declines. In 2023, the turnover stood at 79.49 billion euros, reflecting a modest year-on-year increase of 2.23%. This growth follows a previous year's increase of 2.31% in 2022. The compound annual growth rate (CAGR) over the past five years, from 2018 to 2023, averaged at 2.39%.
Noteworthy trends include a steady increase in turnover starting in 2020, with significant contributions from economic recovery post-pandemic and changes in consumer behavior favoring food products. The years 2018 and 2019 saw slight declines, indicating market fluctuations.
- Recent Year-on-Year Trends: 2023 (+2.23%), 2022 (+2.31%)
- Latest 5-Year CAGR: 2.39%
Forecasted values predict continued growth, with a forecasted CAGR of 1.6% from 2024 to 2028, marking an overall growth rate of 8.25% over these five years. Future trends to watch for include potential impacts of inflation, supply chain disruptions, and shifts in consumer preferences towards sustainable and healthy food options.
