The honey market size in Belgium, measured in thousand metric tons, remained stable at 7.0 from 2014 to 2017. A significant downward adjustment occurred in 2018, when the volume decreased by 28.57%, settling at 5.0 thousand metric tons. This level persisted through 2023, with no year-on-year variation observed during this period. The compound annual growth rate (CAGR) for the years 2018–2023 was flat at 0%. Forecasts predict the market volume will continue to decline, reaching 4.0 thousand metric tons by 2028, indicating a forecast five-year CAGR of -4.36% and a total decline of 20% from the 2023 level.
Future trends to watch for include fluctuations in honey production due to environmental factors, technological advancements in beekeeping, and potential shifts in consumer preferences. Additionally, international trade policies and the availability of substitute products are expected to influence market dynamics significantly.
