Oilseeds export volume in Belgium has seen fluctuations over the past decade, with significant peaks and troughs from 2014 to 2023. In 2023, the volume stood at 1.24 million metric tons, marking a 1.06% year-on-year increase. The compound annual growth rate (CAGR) over the last five years has averaged -0.38%, indicating a slight decline overall. Between the years 2014 and 2023, some notable variations include a 26.46% drop in 2015, a 30.56% rise in 2016, and a 31.39% increase in 2018. Recently, from 2022 to 2023, the variation slightly increased to 1.06%.
Moving forward, the forecasted data suggest a steady but modest growth in export volumes. By 2028, the volume is expected to reach 1.3 million metric tons, with a forecasted 5-year CAGR of 0.76%. This represents a total growth rate of 3.84% over the forecast period. Future trends to watch for include potential impacts from global trade policies, technological advancements in agriculture, and climate change effects on oilseed production and export dynamics.
