The Wheat Groats and Meal Market in Belgium witnessed fluctuating volume growth over the past decade. From 2012 to 2016, the market generally grew from 50.336 million kilograms to 59.589 million kilograms. However, from 2017 onwards, the market faced a downturn, reaching 45.854 million kilograms by 2022. The market's decline was particularly steep between 2017 and 2018, with a notable fall of 13.22% and 15.24% year-on-year, respectively. The recent years have seen less dramatic shifts, maintaining nearly stable figures with slight declines.
Key Variations over Recent Years:
- 2019: +6.67% YoY, -2.61% CAGR
- 2020: -0.66% YoY, -3.83% CAGR
- 2021: -0.65% YoY, -4.98% CAGR
- 2022: -0.64% YoY, -2.38% CAGR
Regarding future trends, stakeholders should monitor potential growth opportunities driven by increasing health awareness and the potential influence of governmental policies promoting local produce. The advancement of innovative and diverse product variants may also offer a pathway for market expansion.
How does Belgium rank in Wheat Groats and Meal Market Size Volume?
| # | 8 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 299,400,000 | 2023 | +0.63% | +1.5% | View data |
| 2 | 2 Germany | 267,970,000 | 2023 | -0.74% | +0.031% | View data |
| 3 | 3 Belgium | 45,566,000 | 2023 | -0.63% | +0.78% | |
| 4 | 4 Austria | 34,294,000 | 2023 | -0.77% | +1.77% | View data |
| 5 | 5 Croatia | 18,860,000 | 2023 | +2.1% | -1.01% | View data |
