The starches and starch products market in Belgium has been experiencing a persistent decline in volume, decreasing from 1.0836 billion kilograms in 2013 to 0.72538 billion kilograms in 2023. Over the last decade, the volume has diminished significantly, with notable year-on-year reductions between 2014-2023. Particularly, from 2018 to 2023, the compound annual growth rate (CAGR) was approximately -2.88%, reflecting a sustained downturn. The year 2023 marked a 3.88% year-on-year decline from the previous year.
Future trends to watch for include:
- Potential shifts in consumer preferences towards alternative starch sources.
- Technological advancements enhancing production efficiency.
- Regulatory impacts on agricultural practices and product labeling.
- Competitive pressures from international markets affecting domestic supply and demand dynamics.
| # | 12 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 3,741,600,000 | 2023 | -2.36% | -4.88% | View data |
| 2 | 2 Germany | 2,925,400,000 | 2023 | +7.95% | +8.89% | View data |
| 3 | 3 Italy | 1,239,000,000 | 2023 | +0.03% | -1.38% | View data |
| 4 | 4 Belgium | 725,380,000 | 2023 | -3.88% | -2.88% | |
| 5 | 5 Denmark | 684,400,000 | 2023 | +2.77% | +1.97% | View data |
| 6 | 6 Finland | 492,080,000 | 2023 | +0.05% | -0.56% | View data |
