In 2023, the oilseeds yield in Belgium stood at 3.59 metric tons per hectare, marking a 12.01% decline from the previous year. Analyzing the past data, we observe a significant fluctuation with yields ranging from 3.28 to 4.31 metric tons per hectare from 2015 to 2023. Key variations include a 24.39% increase in 2022 and a substantial drop of 21.35% in 2016. Over the last five years, the compound annual growth rate (CAGR) averaged at -0.48%, indicating a slight overall decrease.
Looking ahead, the forecast shows a stable yet slight yearly decline, culminating in a 5-year CAGR of -0.28% by 2028. Notably, the oilseeds yield is expected to decrease by 1.4% over this forecasted period, projecting minor adjustments with no major disruptions.
Future trends to watch for include potential impacts of climate change on yield variability, advancements in agricultural technology, and shifts in market demand resulting from changing consumer preferences and policy regulations.
