The sold production of frozen poultry meat in Belgium, expressed in value (Million Euros), has shown fluctuations from 2013 to 2023, peaking at 153.25 in 2015 and falling to a trough of 127.16 in 2019. The compound annual growth rate (CAGR) from 2019 to 2023 was 0.42%, reflecting steady but slow growth. In 2023, the value stood at 149.91. Year-on-year growth rates varied significantly, highlighting both declines and recoveries in different periods. For instance, the production value grew by 7.75% in 2021 but decreased by 1.75% in 2022, followed by a 1.16% increase in 2023.
Future trends to watch for include:
- Projected consistent growth with a 5-year CAGR forecast of 0.86% from 2023 to 2028.
- The value is expected to reach 158.26 Million Euros by 2028, indicating a 4.38% growth over the forecast period.
- Potential impacts of economic conditions, trade policies, and shifts in consumer preferences towards poultry-based products.