The demand for grapes in Belgium from 2014 to 2023 has shown a mix of fluctuations and stability. In 2023, the demand stood at 102 thousand metric tons. The highest demand was in 2016 at 114 thousand metric tons, followed by a notable drop and stabilization around 102-103 thousand metric tons in subsequent years. From 2019 to 2023, the rate of change has been marginal, with the year-on-year variation hovering around 0%, indicating a steady demand. The last five years marked a minimal compound annual growth rate (CAGR) of 0%, reflecting a stable market with slight declining tendencies.
For the future, the projected demand from 2024 to 2028 is relatively stable, with minor fluctuations. However, there is an expected slight decline, indicated by the forecasted CAGR of -0.2% over the next five years.
Future trends to watch for include:
- Consumer preferences shifting towards organic or locally sourced grapes.
- Potential market impact from changes in trade policies or tariffs.
- Technological advancements in agriculture affecting supply and pricing.
- Climate-related factors affecting grape yields and availability.
