Nuts demand in Belgium in 2023 stood at 30.0 Thousand Metric Tons. In analyzing the forecasted data, we observe the following year-on-year changes:
- From 2023 to 2024: -3.3%
- From 2024 to 2025: -3.4%
- From 2025 to 2026: 0.0%
- From 2026 to 2027: 0.0%
- From 2027 to 2028: -3.6%
The Compound Annual Growth Rate (CAGR) over the last 5 years is approximately -2.2%, indicating a declining trend in the demand for nuts in Belgium.
Future trends to watch for:
- Potential shifts in consumer preferences toward healthier snack options which may include nuts.
- Effects of economic factors such as inflation and disposable income on consumer purchasing behavior.
- Possible impact of environmental concerns and sustainability efforts on nut production and demand.
