The Grain Mill Products Sector in Belgium experienced significant fluctuations from 2013 to 2023, with a notable decline after 2017. Production peaked in 2016 at €1.94 billion but plummeted to €0.9382 billion in 2018. The sector saw moderate recovery, with the value standing at €1.18 billion in 2023. Key trends include a major drop in 2018 (-50.83%) and moderate growth in subsequent years, but a consistent decline resumed from 2021 onwards.
From 2019 to 2023, the sector showed average variations per year with a 4.71% CAGR. Future projections for the next five years predict a downturn, with a forecasted average annual decline of -3.23% leading to a -15.12% reduction by 2028.
Future trends to watch for:
- Technological innovations enhancing production efficiency.
- Shifts in consumer preferences towards healthier alternatives.
- Impact of global supply chain disruptions and local sourcing trends.
