Ice Cream Market Overview in Belgium
In value terms, ice cream production reached $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2011 when the production volume increased by % year-to-year. Over the period under review, production reached the peak level at $ in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.
The revenue of the ice cream market in Belgium skyrocketed to $ in 2019, jumping 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, consumption saw a strong expansion. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. Over the period under review, the market reached the maximum level at $ in 2012; however, from 2013 to 2019, consumption remained at a lower figure.