The palm oil market in Belgium has shown fluctuations over the past decade. By 2023, per capita consumption reached 49.46 kilograms. Notable year-on-year variations include an 8.61% increase from 2019 to 2020, although it subsequently decreased by 4.35% in 2021. Over the past two years, from 2021 to 2023, there was a slight increase of 2.68%. The compound annual growth rate (CAGR) over the last five years stands at approximately 3.47%, highlighting modest growth in consumption levels.
Future trends to monitor include potential influences from sustainable sourcing practices, regulatory changes on imports, and shifts in consumer preferences towards alternative oils due to health and environmental concerns.
How does Belgium rank in Palm Oil Market Size Volume Per Capita?
| # | 7 Countries | Kilograms Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 49.46 | 2023 | |||
| 2 | 2 Netherlands | 42.55 | 2023 | View data | ||
| 3 | 3 Denmark | 34.89 | 2023 | View data | ||
| 4 | 4 Sweden | 16.61 | 2023 | View data | ||
| 5 | 5 United Kingdom | 9.89 | 2023 | View data | ||
