Wages and salaries in the fruit and vegetable processing industry in Belgium have exhibited steady growth from 2013 to 2023, increasing from 305.9 million Euros to 513.8 million Euros. Between 2013 and 2023, the year-on-year growth frequently fluctuated, peaking at 14.25% in 2018 and settling at 3.44% in 2023. The compound annual growth rate (CAGR) from 2019 to 2023 was a robust 4.39%, indicating consistent upward momentum in this sector.
Looking ahead, forecast data predicts a continued increase, albeit at a slower pace, with salaries expected to reach 597.8 million Euros by 2028. The forecasted 5-year CAGR is 2.41%, reflecting a tapering growth rate compared to previous years.
Future trends to watch for:
- Automation and technological advancements potentially impacting labor demand and wages.
- Changes in supply chain dynamics due to geopolitical factors affecting the industry.
- Evolving consumer preferences towards healthy and organic produce driving sectoral wage adjustments.
