Between 2014 and 2023, wheat demand in Belgium exhibited fluctuations, with notable expansions and contractions. The highest growth occurred in 2017 with an 8.09% year-on-year increase, while 2018 saw a sharp decline of 5.13%. Post-2018, the demand showed a stable upward trajectory, culminating at 4.55 million metric tons in 2023, with a consistent average annual growth rate (CAGR) of 0.52% over the past five years.
Forecasts from 2024 to 2028 predict a steady, albeit slow, increase in demand at a CAGR of 0.21%, reaching 4.61 million metric tons by 2028. Future trends to watch for include:
- Technological advancements in agriculture.
- Shifts in dietary patterns and domestic food policies.
- Global wheat market dynamics affecting domestic supply and prices.
