The Hams and Cured Pork Shoulders market in Belgium showed a notable decline from 2013 to 2023, dropping from a value of €44.805 million to €25.344 million in 2023. The market exhibited significant volatility, with sharp declines, particularly in 2015 and 2016. While brief recoveries occurred in 2017 and 2019, a downward trend persisted, marked by a 9.59% year-on-year decrease in 2023. Over the last five years, the compound annual growth rate was -3.45%, reflecting a contractionary market trend.
Future trends to watch for:
- Changes in consumer preferences towards healthier and alternative protein sources could affect market dynamics.
- Regulatory changes in food processing and production might influence market operations and costs.
- Potential impacts of inflation and economic fluctuations on consumer purchasing power and overall consumption patterns.
How does Belgium rank in Hams and Cured Pork Shoudlers Market Size Value?
| # | 19 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 4,417,400,000 | 2023 | +2.4% | +2.81% | View data |
| 2 | 2 Spain | 2,628,100,000 | 2023 | +3.15% | +2.81% | View data |
| 3 | 3 Germany | 2,595,800,000 | 2023 | -0.94% | +0.88% | View data |
| 4 | 4 United Kingdom | 559,820,000 | 2023 | -1.14% | +0.22% | View data |
| 5 | 5 Poland | 273,030,000 | 2023 | +1.5% | -0.19% | View data |
| 13 | 13 Greece | 26,668,000 | 2023 | +0.72% | +0.37% | View data |
| 14 | 14 Slovakia | 26,646,000 | 2023 | +0.1% | -3.15% | View data |
| 15 | 15 Belgium | 25,344,000 | 2023 | -9.59% | -3.45% | |
| 16 | 16 Finland | 20,501,000 | 2023 | -3.41% | +4.06% | View data |
| 17 | 17 Latvia | 19,547,000 | 2023 | -0.36% | -0.93% | View data |
