The animal output production in the Netherlands is forecasted to increase steadily from €13.4 billion in 2024 to €14.31 billion in 2028. This consistent growth reflects a positive trend in the sector. In 2023, the animal output production stood at €13.17 billion, indicating the forecasted increase of 1.75% in 2024.
Analyzing the year-on-year percentage variations:
- 2024: 1.75%
- 2025: 1.72%
- 2026: 1.69%
- 2027: 1.66%
- 2028: 1.56%
The compound annual growth rate (CAGR) from 2024 to 2028 is calculated to be approximately 1.68% per year, suggesting a stable upward trajectory in animal output production over the forecast period.
Future Trends to Watch for:
- Technological advancements in agriculture
- Climate change's impact on livestock farming
- Policy changes regarding animal welfare and sustainability