The soya sauce export from Belgium to the Netherlands has shown a fluctuating trend over the past decade. From 2013 to 2017, there was significant volatility with notable declines in some years. However, from 2018 onwards, there was a marked uptick in exports, peaking significantly by 2020. The values in 2023 stood at 2140 thousand US Dollars, reflecting a steady increase since the early 2020s. The year-on-year variation over the last two years was modest at around 3.13%, indicating stabilization in growth rate, while the 5-year CAGR was a robust 17.73%, signifying consistent long-term growth.
Future trends to watch for include potential market saturation and economic factors affecting trade policies. The predicted CAGR over the next five years is more modest at 2.18%, suggesting a slower, yet stable growth phase for exports. This shift may be influenced by competitive market dynamics and changes in consumer preferences. Monitoring global trade agreements and the emergence of alternative products that could affect demand for soya sauce will be crucial for future strategic planning.
