The meat processing production value in Belgium exhibited significant fluctuations from 2013 to 2023. Starting at €3.8 billion in 2013, the value generally increased until 2017, peaking at €4.34 billion in 2015. However, 2017 marked the beginning of a downward trend, with a notable drop to €2.7 billion in 2018. From 2019 onward, the production value slowly recovered, reaching €3.22 billion in 2023. The overall CAGR for the past five years was 3.55%, signifying a moderate annual growth.
Recent trends to consider include:
- A slight upward trend starting from 2019, with positive year-on-year variations in the most recent years such as 6.78% in 2021 and 4.74% in 2022.
- A forecasted CAGR of 1.1% over the next five years, suggesting continued but modest growth.
Future trends to watch for include:
- Potential impacts of new regulations and sustainability practices on production efficiencies and costs.
- Shifts in consumer preferences towards plant-based or alternative proteins which could affect traditional meat processing demand.
- Technological advancements in processing methods that could enhance productivity and quality.
