Forecast: Partly Skimmed Milk Production in Belgium

Partly skimmed milk production in Belgium has been on a downward trend for the past decade. In 2023, production stood at 362.9 Thousand Metric Tons. From 2013 to 2023, the production experienced both fluctuations and an overall reduction. Notable year-on-year changes include a sharp rise in 2020 at 6.35%, followed by a significant drop in 2021 at -10.7%. Over the last five years, the compound annual growth rate (CAGR) has averaged -2.2%.

Looking forward, forecasts predict continued decline in production, reaching 329.3 Thousand Metric Tons by 2028. This corresponds to a forecasted five-year CAGR of -1.44%, reflecting a trend towards a gradual yet consistent reduction in output. The overall forecasted growth rate over the next five years is expected to be -6.99%.

Trends to watch for:

  • Changes in dairy consumption patterns
  • Impact of policy changes related to dairy farming
  • Technological advancements in milk production
  • Shifts towards plant-based alternatives

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