Forecast: Sold Production of Frozen Poultry Meat in Belgium

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.

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