Forecast: Distilled Alcoholic Beverages Demand in Belgium

In analyzing the distilled alcoholic beverages demand in Belgium, we note that as of 2023, the demand stood at 41 thousand metric tons, marking a 2.5% year-on-year increase. Historical data shows significant variability: a sharp 60% drop in 2015 followed by considerable increases, including a peak of 200% in 2017. Recent years have been more stable, with a CAGR of 2.07% over the past five years. Forecasted data indicate a continued upward trend, with an anticipated CAGR of 2.58% from 2024 to 2028, resulting in a projected demand of 48.37 thousand metric tons by 2028.

Future trends to watch for include:

• Consumer preferences shifting towards premium and craft spirits
• Impact of regulatory changes on distilled spirits
• Influence of economic factors and disposable income
• Potential growth in export markets contributing to demand