From 2010 to 2020, the fresh poultry meat price in Belgium showed fluctuations. Initially falling from €3.29 in 2010 to €2.74 in 2017, the price saw an uptick afterward reaching €3.19 by 2020. On a year-on-year basis, there were both declines and recoveries, notably a price decline from 2014 to 2017 and a rise post-2018. The compound annual growth rate for the last five years (2015-2020) indicated a slight recovery, averaging out the yearly changes. In 2023, prices were steady around the €3.19 mark, indicating a modest stabilization.
Future trends to watch for:
- Economic factors such as inflation impacting production costs.
- Regulatory changes in the poultry industry affecting supply.
- Consumer preferences shifting towards alternative proteins.
