The whisky market in Belgium has experienced significant fluctuations over the past decade. From 2012 to 2014, the market saw a growth trajectory, reaching a peak in 2014. However, from 2015 onwards, the market faced a downturn, hitting a notable low in 2020 due to a year-on-year decline of 19.16%. This trend reversed slightly in 2021 and 2022 with modest recoveries. Overall, the last five years show an average decline per year, with a CAGR of -3.38%.
Future trends to watch for include potential market stabilization and gradual recovery, driven by consumer trends towards premium and craft whiskies. Additionally, the rise in e-commerce and online sales channels could contribute positively to market dynamics.
| # | 15 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 681,040,000 | 2023 | -0.72% | -1.41% | View data |
| 2 | 2 Spain | 623,550,000 | 2023 | +0.55% | +0.69% | View data |
| 3 | 3 Poland | 419,290,000 | 2023 | +8.39% | +10.52% | View data |
| 4 | 4 Germany | 319,710,000 | 2023 | +1.73% | +0.41% | View data |
| 5 | 5 Bulgaria | 119,980,000 | 2023 | +3.21% | +3.72% | View data |
| 8 | 8 Czech Republic | 69,654,000 | 2023 | +3.23% | +4.14% | View data |
| 9 | 9 Italy | 59,992,000 | 2023 | -7.11% | -4.52% | View data |
| 10 | 10 Belgium | 43,540,000 | 2023 | -2.65% | -2.12% | |
| 11 | 11 Portugal | 42,299,000 | 2023 | +0.15% | -4.23% | View data |
| 12 | 12 Austria | 37,827,000 | 2023 | +4.79% | +0.63% | View data |
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