Belgium's sweeteners export volume exhibited steady growth from 2014 to 2023, starting at 1.67 million metric tons and reaching 2.95 million metric tons in 2023. The period saw notable peaks in 2017 and 2018 with year-on-year increases of 35.25% and 18.75% respectively. The last five years' compound annual growth rate (CAGR) was 1.68%, with more recent years showing consistent but modest growth rates around 2-3% annually. Forecasted data from 2024 to 2028 anticipate gradual increases, resulting in a forecasted CAGR of 1.84%.
Future trends to watch for:
- Changes in global demand for natural and synthetic sweeteners.
- Trade policies and tariffs impacting Belgium's key export markets.
- Advancements in sweetener production technology and sustainability practices.
