Belgium's primary oilseeds gross production is projected to decline steadily from 2024 to 2028. In 2023, the actual value stood at 5.81 million US Dollars PPP = 2004–2006. This forecast shows a decremental trend with values moving from 5.63 in 2024 to 4.89 in 2028, highlighting a negative year-on-year variation.
- The year-on-year percentage decrease is approximately 3.37% between 2024 and 2025.
- Following this, the decline continues at 3.49% between 2025 and 2026, 3.43% between 2026 and 2027, and 3.55% between 2027 and 2028.
- The average annual decline (CAGR) over these five years is estimated at around 3.46%.
The consistent reduction in production could be attributed to several factors such as climate change impacts, agricultural policy shifts, or economic variations. Future trends to watch for include potential technological advancements in agricultural practices, any policy changes fostering increased production, and market demand fluctuations which may alter this downward trajectory.
