The Netherlands' agricultural services output has grown from 2.6 Billion Euros in 2013 to 3.21 Billion Euros in 2023. The output saw fluctuations in the early years, particularly with a dip in 2015 (-4.17%). However, since 2019, consistent year-on-year growth has been observed, highlighted by a 5.7% increase in 2022 and a 2.97% increase in 2023. The Compound Annual Growth Rate (CAGR) for the period of the last five years was 3.55%, indicating a robust upward trend.
Looking to the future, the forecast suggests continued growth with an expected output of 3.59 Billion Euros by 2028. The forecasted five-year CAGR is 1.74%, with an overall 9.03% growth rate for the period.
Trends to watch for:
- Technological advancements in agriculture that could enhance productivity.
- Impact of sustainability initiatives on agricultural practices.
- Potential market fluctuations due to geopolitical and economic conditions.
- Shifts in consumer preferences towards organic and locally produced goods.