Report Update Nov 1, 2024

Belgium - Whisky - Market Analysis, Forecast, Size, Trends and Insights

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Belgium: Whisky Market 2024

Whisky Market Size in Belgium

The Belgian whisky market reduced markedly to $X in 2022, dropping by -60.8% against the previous year. In general, consumption saw a abrupt contraction. Whisky consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Whisky Production in Belgium

In value terms, whisky production shrank notably to $X in 2022 estimated in export price. Overall, production, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, production reached the peak level of $X, and then fell notably in the following year.

Whisky Exports

Exports from Belgium

In 2022, shipments abroad of whisky decreased by -18.5% to X litres for the first time since 2011, thus ending a ten-year rising trend. In general, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2015 when exports increased by 43%. The exports peaked at X litres in 2021, and then contracted dramatically in the following year.

In value terms, whisky exports reduced dramatically to $X in 2022. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by 49% against the previous year. The exports peaked at $X in 2021, and then shrank markedly in the following year.

Exports by Country

The Netherlands (X litres), Luxembourg (X litres) and Italy (X litres) were the main destinations of whisky exports from Belgium, with a combined 70% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +60.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Luxembourg ($X) and Germany ($X) were the largest markets for whisky exported from Belgium worldwide, with a combined 73% share of total exports. These countries were followed by France, Italy, Spain and Ukraine, which together accounted for a further 12%.

Among the main countries of destination, Italy, with a CAGR of +34.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average whisky export price stood at $X per litre in 2022, waning by -5.6% against the previous year. Overall, the export price showed a pronounced decline. The most prominent rate of growth was recorded in 2021 when the average export price increased by 16%. Over the period under review, the average export prices reached the peak figure at $X per litre in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per litre), while the average price for exports to Italy ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.4%), while the prices for the other major destinations experienced a decline.

Whisky Imports

Imports into Belgium

In 2022, purchases abroad of whisky decreased by -29.2% to X litres, falling for the second year in a row after two years of growth. Overall, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2015 when imports increased by 51% against the previous year. Imports peaked at X litres in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, whisky imports reduced slightly to $X in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 23% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X litres), the UK (X litres) and France (X litres) were the main suppliers of whisky imports to Belgium, with a combined 59% share of total imports. These countries were followed by Luxembourg, Ireland, the Netherlands, the United States and Italy, which together accounted for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +27.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Luxembourg ($X) were the largest whisky suppliers to Belgium, with a combined 56% share of total imports. Germany, the Netherlands, Ireland, the United States and Italy lagged somewhat behind, together accounting for a further 38%.

In terms of the main suppliers, Ireland, with a CAGR of +22.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for whisky in the world?

The countries with the highest volumes of in 2021 were the United States, India and Japan, with a combined 29% share of global consumption. These countries were followed by Indonesia, Canada, France, the UK, Russia, Pakistan, Bangladesh, Brazil, Iran and Thailand, which together accounted for a further 34%.

What are the largest producers of whisky in the world?

The country with the largest volume of whisky production was the UK, comprising approx. 40% of total volume. Moreover, whisky production in the UK exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 10% share.

What are the leading suppliers of whisky to Belgium?

In value terms, the largest whisky suppliers to Belgium were the UK, Luxembourg and the Netherlands, with a combined 50% share of total imports. Germany, France, Ireland, the United States, Italy and Spain lagged somewhat behind, together accounting for a further 47%.

What are the leading importers of whisky from Belgium?

In value terms, the largest markets for whisky exported from Belgium were the Netherlands, Luxembourg and Spain, with a combined 64% share of total exports. These countries were followed by Italy, Germany, France, the UK, Romania and Ukraine, which together accounted for a further 18%.

What is the average export price for whisky in Belgium?

The average whisky export price stood at $9.6 per litre in 2021, with an increase of 8.1% against the previous year.

What is the average import price for whisky in Belgium?

In 2021, the average whisky import price amounted to $5.7 per litre, dropping by -13% against the previous year.

This report provides an in-depth analysis of the whisky market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 11011030 - Whisky (important: excluding alcohol duty)

Country coverage:

Belgium

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belgium
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023