From 2012 to 2022, the bread market size volume per capita in Belgium exhibited notable fluctuations. Starting at 39.17 kg per capita in 2012, it declined significantly through 2015, hitting a low of 27.14 kg in 2016. A rebound in 2017 saw values rise to 30.96 kg. Between 2018 and 2022, figures stabilized somewhat, oscillating closely around the 30 kg mark. In 2023, the market stood at an estimated 32.9 kg per capita.
Key observations:
- 2012-2016: A marked decline with a significant dip of approximately 12 kg per capita over the period.
- 2017-2019: Recovery phase with intermittent spikes.
- 2020-2022: Stabilization with minor incremental increases yearly.
Year-on-year, the bread market volume per capita grew modestly by around 1.54% and 1.80% in the last two years. The Compound Annual Growth Rate (CAGR) over the previous 5 years (2018-2022) averaged around 1.20%.
Looking ahead, it will be vital to monitor changing consumer preferences, shifts towards healthier diet options, and potential impacts of economic factors. Additionally, trends in urbanization and technological advancements in the food industry could influence market dynamics.
How does Belgium rank in Bread Market Size Volume Per Capita?
| # | 23 Countries | Kilograms Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Ireland | 77.31 | 2023 | View data | ||
| 2 | 2 Germany | 55.94 | 2023 | View data | ||
| 3 | 3 Portugal | 52.1 | 2023 | View data | ||
| 4 | 4 Romania | 51.79 | 2023 | View data | ||
| 5 | 5 Netherlands | 51.56 | 2023 | View data | ||
| 15 | 15 Latvia | 33.83 | 2023 | View data | ||
| 16 | 16 Denmark | 33.1 | 2023 | View data | ||
| 17 | 17 Belgium | 32.97 | 2023 | |||
| 18 | 18 Hungary | 32.38 | 2023 | View data | ||
| 19 | 19 Finland | 29.89 | 2023 | View data | ||
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