The chocolate confectionery market in Belgium has shown significant fluctuations from 2012 to 2022. Initially, there was steady growth, with notable peaks in 2015 (26.49%) and 2016 (8.76%). However, the market faced a dip in 2017 (-8.42%) and experienced slight declines in 2018 (-1.06%) and 2019 (-1.07%). The market rebounded strongly in 2020 (18.33%) amidst the pandemic, followed by minor variations in 2021 (-2.63%) and 2022 (2.38%). The average annual growth rate (CAGR) over the last five years is 2.92%. The market volume stood at 69.197 million kilograms in 2022.
Future trends to watch for include potential shifts in consumer preferences towards healthier or premium options. Sustainability practices in production and packaging are expected to gain significance, influencing market dynamics and possibly leading to new growth opportunities. Monitoring global cocoa supply and pricing trends will be crucial for forecasting market movements.
How does Belgium rank in Chocolate Confectionery Market Size Volume?
| # | 20 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 726,240,000 | 2023 | -1.73% | +0.37% | View data |
| 2 | 2 United Kingdom | 513,520,000 | 2023 | +0.12% | -0.38% | View data |
| 3 | 3 Italy | 428,950,000 | 2023 | -3.43% | -4.93% | View data |
| 4 | 4 France | 242,510,000 | 2023 | +2.19% | +2.29% | View data |
| 5 | 5 Spain | 180,440,000 | 2023 | +1.46% | +1.83% | View data |
| 6 | 6 Romania | 95,454,000 | 2023 | +5.67% | +2.07% | View data |
| 7 | 7 Poland | 76,164,000 | 2023 | -2.58% | -2.24% | View data |
| 8 | 8 Belgium | 72,538,000 | 2023 | +3.22% | +4.11% | |
| 9 | 9 Denmark | 51,809,000 | 2023 | +1.5% | +6.3% | View data |
| 10 | 10 Finland | 44,890,000 | 2023 | +0.2% | +1.96% | View data |
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