Forecast: Whisky Market Size Value in Belgium

The whisky market size in Belgium stood at 43.54 million euros in 2023. Over the past five years (2018-2023), the market experienced a decline with an average yearly decrease of about 2.12%. The peak value was observed in 2014 at 64.384 million euros, followed by a consistent downward trend. Between 2021 and 2023, the market saw minor fluctuations, but the overall trend remained negative, with 2023 showing a 2.65% decrease from the previous year. Looking ahead, the forecast for 2024 to 2028 suggests further declines, with an average yearly reduction of 2.43%, translating to an 11.56% total decrease over the five years.

Future trends to watch for:

- Consumer preferences shifting towards premium and craft whisky options.

- Economic factors affecting disposable incomes and consumer spending power.

- Regulatory changes impacting the alcohol industry.

- Potential market rejuvenation through innovative marketing and product diversification.