The agricultural and livestock output in Belgium has shown a consistent upward trend over the past decade. In 2023, the output stood at 12.19 billion Euros, reflecting a steady year-on-year increase of 2.05% and a five-year CAGR of 4.71%. Historical data from 2013 to 2022 indicate fluctuations with notable growth spurts in 2017, 2021, and 2019. The forecasted data from 2024 to 2028 suggest a continued rise with a forecasted five-year CAGR of 1.47%, reaching 13.37 billion Euros by 2028.
Future trends to watch for include:
- Technological advancements in farming practices that may drive efficiency and output.
- Regulatory changes within the EU that could impact agricultural policies and subsidies.
- Climate change effects and their implications on crop yield and livestock production.