Year-on-year variation for 2022 was 6.57%, showing a slight recovery compared to 4.99% decline in 2021. The Compound Annual Growth Rate (CAGR) for the recent 5-year period (2018-2023) is -4.95%, indicating a consistent downward trend. Forecast from 2023 to 2028 projects a continued decline with a forecasted 5-year CAGR of -1.49%.
Radio broadcasting turnover in Belgium is likely to continue its decline, driven by shifts to digital platforms and changing consumer preferences. Monitoring the adoption of new technologies and audience engagement strategies will be critical for stakeholders in this market.
