Based on the forecasted data provided, the production value in the Malt Liquors and Malt sector in Belgium is expected to grow consistently from 2024 to 2028. In 2023, the production value stood at 4.15 billion Euros, indicating a series of steady increases over the coming years.
Year-on-year variations are as follows:
- 2024: +2.89%
- 2025: +2.81%
- 2026: +2.73%
- 2027: +2.66%
- 2028: +2.59%
The compound annual growth rate (CAGR) over the next five years from 2024 to 2028 is projected to be approximately 2.73%.
Future trends to watch for include potential changes in consumer preferences towards craft malt liquors, innovations in brewing technology, and fluctuations in raw material prices, which may impact production costs and competitive dynamics within the sector.
