The import of sugar to Belgium has shown variable trends over the past decade. From 2013 to 2015, there was a noticeable decline, but a marked increase occurred in 2016, peaking further in 2017 and 2018. A sharp decline was observed in 2019, followed by slight fluctuations in subsequent years, with an uptick in 2022, and a modest increase of 1.11% in 2023, standing at 1.6641 billion kilograms. From there, the forecast anticipates steady growth, reaching 1.753 billion kilograms by 2028, reflecting an annual average growth rate (CAGR) of 0.83% over the next five years.
Trends to Watch:
- Impact of global sugar prices and trade policies
- Changes in domestic sugar consumption patterns
- Technological advancements in sugar production
- Environmental regulations affecting sugar farming
