From 2014 to 2018, the maize oil market in Belgium exhibited considerable fluctuations, peaking at 27 thousand metric tons in 2017 and dropping significantly in 2018 by 25.93%. Between 2019 and 2023, the market stabilized, maintaining a steady volume of 21-22 thousand metric tons. As of 2023, the market stood at 21 thousand metric tons, with no year-on-year change in the last two years. The average annual growth rate over the past five years was 0.98%, indicating relative stability.

Future trends to watch for:

Contemplated decrease: The forecasted CAGR for the next five years between 2024 and 2028 is -0.97%, suggesting a slight decline.
Sustainability trends: Increasing consumer preference for eco-friendly and sustainable products may impact market dynamics.
Regulatory changes: Potential shifts in EU agricultural policies and trade agreements could affect production and import-export volumes.