The actual maize processing volume in Belgium stood at 44.0 thousand metric tons in 2023. Maize processing has shown steady growth over the past decade. Significant increases were observed between 2014 and 2016, followed by a moderate decline in 2017, and subsequently stabilized growth with consistent year-on-year increases from 2018 to 2023. The recent five-year CAGR (2019-2023) is 2.44%, indicating a steady upward trend.
Looking forward, maize processing in Belgium is expected to continue growing, albeit at a slower pace with a forecasted 5-year CAGR of 1.72% from 2024 to 2028. This suggests a cumulative growth rate of 8.89% over the same period.
Future trends to watch for include advancements in maize processing technology, potential shifts in maize demand due to changes in dietary habits or alternative uses for maize by-products, and the impacts of any agricultural policy changes in Belgium or the European Union.
