The Wheat or Meslin Flour market size value in Belgium experienced notable fluctuations over the past decade. Starting from €460.23 million in 2012, the market reached a peak of €497.83 million in 2013. However, it declined sharply to €402.05 million in 2014 and continued to decrease until it stabilized around €370-€398 million between 2016 and 2022. The Compound Annual Growth Rate (CAGR) reflects this trend, showing an average annual reduction of approximately -2.77% to -0.35% over certain periods. Interestingly, the market showed a slight recovery with a 5.44% increase in 2019 before declining again, marking a -0.62% and -0.92% year-on-year decrease in 2021 and 2022, respectively.
Future trends to watch for include potential impacts from changes in consumer preferences, emerging health trends favoring alternative flours, and the influence of economic conditions on agricultural production costs. Additionally, any regulatory changes affecting wheat production and import policies within the EU could also significantly affect market dynamics.
How does Belgium rank in Wheat or Meslin Flour Market Size Value?
| # | 23 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 2,777,500,000 | 2023 | +1.5% | +1.28% | View data |
| 2 | 2 Italy | 2,108,400,000 | 2023 | -4.15% | -1.81% | View data |
| 3 | 3 Germany | 2,094,500,000 | 2023 | -1.05% | +1.17% | View data |
| 4 | 4 United Kingdom | 1,770,000,000 | 2023 | -0.8% | +0.38% | View data |
| 5 | 5 Spain | 1,521,300,000 | 2023 | +0.11% | -0.26% | View data |
| 8 | 8 Netherlands | 491,980,000 | 2023 | +0.33% | -0.75% | View data |
| 9 | 9 Greece | 479,940,000 | 2023 | +0.56% | +0.66% | View data |
| 10 | 10 Belgium | 343,190,000 | 2023 | -2.56% | -1.91% | |
| 11 | 11 Portugal | 326,370,000 | 2023 | -0.34% | -0.4% | View data |
| 12 | 12 Czech Republic | 293,580,000 | 2023 | -1.86% | +1.1% | View data |
