Over the past decade, the Bread Market in Belgium has shown significant fluctuations. Starting from 435.02 million kilograms in 2012, the market volume experienced a substantial decline until 2016, followed by a moderate recovery between 2017 and 2021. Recent data indicates a slight decrease in 2022 to 382.17 million kilograms. Year-on-year trends illustrate a highly variable market, with notable drops in the early years and sporadic growth toward the latter half of the period. The compound annual growth rate (CAGR) over the last five years stands at 1.65%, reflecting a period of stabilization with minor growth.
In 2023, the Bread Market in Belgium is positioned at approximately the same level as 2022, given the minor year-on-year decline observed recently. Going forward, key trends to watch include shifts in consumer preference towards artisanal and health-oriented bread options, the impact of economic fluctuations on consumer spending, and the potential influence of innovation in bread production technology and sustainability practices.
How does Belgium rank in Bread Market Size Volume?
| # | 23 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,639,200,000 | 2023 | -0.6% | -0.44% | View data |
| 2 | 2 United Kingdom | 2,629,200,000 | 2023 | -0.35% | -0.49% | View data |
| 3 | 3 Spain | 2,022,900,000 | 2023 | +1.64% | +1.48% | View data |
| 4 | 4 France | 1,165,300,000 | 2023 | +0.36% | -0.45% | View data |
| 5 | 5 Poland | 1,123,000,000 | 2023 | -5.58% | -5.07% | View data |
| 9 | 9 Czech Republic | 444,020,000 | 2023 | -1.97% | -4.51% | View data |
| 10 | 10 Austria | 443,870,000 | 2023 | +1.46% | -0.23% | View data |
| 11 | 11 Belgium | 372,820,000 | 2023 | -1.8% | +2.83% | |
| 12 | 12 Ireland | 362,270,000 | 2023 | +2.79% | -1.28% | View data |
| 13 | 13 Hungary | 314,240,000 | 2023 | -0.36% | -0.9% | View data |
