In 2023, Belgium's cocoa beans export volume stood at 261.0 thousand metric tons. The forecasted data indicate a steady year-on-year growth in the export volume from 2024 to 2028:
- From 2024 to 2025: 1.9% increase
- From 2025 to 2026: 2.2% increase
- From 2026 to 2027: 1.8% increase
- From 2027 to 2028: 2.1% increase
The Compound Annual Growth Rate (CAGR) over the five years from 2023 to 2028 is approximately 2.1%.
The ongoing growth trend suggests that the demand for cocoa beans in global markets remains strong, possibly driven by the expanding chocolate and confectionery industry. Future trends to watch for include potential changes in global trade policies, impact of climate change on cocoa production, and technological advancements in agriculture that could affect supply dynamics.
