Virgin Olive Oil Market Overview in Belgium
The revenue of the virgin olive oil market in Belgium dropped to $ in 2019, which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a noticeable increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2016 indices. The pace of growth was the most pronounced in 2013 when the market value increased by % against the previous year. Over the period under review, the market attained the maximum level at $ in 2016; however, from 2017 to 2019, consumption failed to regain the momentum.