Over the past decade, the sugar market in Belgium witnessed notable volatility in terms of volume, expressed in billion kilograms. The market size grew substantially from 2012 to 2014, peaking with a significant year-on-year increase of 11.27% in 2013 and 10.13% in 2014. However, from 2015 onwards, the market size showed a downward trend with minor fluctuations, notably year-on-year declines around -0.58% for 2015 and 2016, and more pronounced decreases of -1.17% in 2017 and -1.18% in 2018. By 2019, the market recorded a -3.76% decrease before rebounding slightly in 2020 and 2021 with increases of 5.43% and 7.5%, respectively.
In terms of compound annual growth rate (CAGR) over the past five years, the market showed a mixed yet positive trend with a modest average annual growth rate of 1.33% from 2018 to 2022. The sugar market size in 2023 is estimated to continue around similar levels as 2022, maintaining slight fluctuations observed in the recent years.
Looking ahead, the sugar market in Belgium may experience further transformations due to a variety of factors, including evolving consumer health consciousness impacting sugar consumption, potential regulatory changes aimed at reducing sugar intake, and ongoing innovations within the food and beverage industry. Monitoring these factors will be crucial for stakeholders in adapting to future market dynamics.
| # | 9 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,807,500,000 | 2023 | -0.34% | -1.29% | View data |
| 2 | 2 Italy | 2,542,000,000 | 2023 | -1.43% | -0.19% | View data |
| 3 | 3 Belgium | 2,027,200,000 | 2023 | +1.33% | +2.29% | |
| 4 | 4 United Kingdom | 1,375,400,000 | 2023 | -0.79% | -0.94% | View data |
| 5 | 5 Denmark | 793,110,000 | 2023 | +1.74% | +0.94% | View data |
