Gross investment in the Belgian spirits sector exhibited significant fluctuations from 2014 to 2023. The sector saw a high growth rate in 2015 (62.75%) followed by a sharp decline in 2016 (-80.72%). It rebounded impressively in 2017 (293.75%), maintained moderate growth in 2018 (6.35%), and experienced a slight decrease in 2019 (-7.46%). The impact of the pandemic was evident in 2020 (-64.52%), followed by a gradual recovery in 2021 (31.82%), 2022 (27.59%), and 2023 (10.81%), where it stood at 4.1 million Euros. The five-year CAGR leading up to 2023 was -9.36%.
Future trends to watch for include the stabilization in investment, reflected in the forecasted values from 2024 to 2028, which show minor annual variations and an overall slight decline with a CAGR of -1.02%. This suggests a steady yet cautious approach towards investments in the sector, possibly influenced by broader economic conditions and market regulations.
