From 2013 to 2023, the production value of prepared animal feeds in Belgium experienced fluctuations marked by instability. Starting with a strong value in 2013, the series saw significant drops in certain years (such as -24.5% in 2016), followed by periods of growth (e.g., a 19.13% increase in 2015). The general trend shows a modest downward trajectory, but recent years indicate stabilization and slight growth, with the value reaching 3.83 Billion Euros in 2023, and the year-on-year variation showing a relatively stable pattern with a 0.71% increase from the previous year.
- Significant annual fluctuations, with some years showing strong growth and others marked by declines.
- Notable recovery between 2015-2016 and minor fluctuations from 2017 onward reflecting market stabilization.
- A decrease in average growth rates, but recent years demonstrate a mild resurgence, with a 0.7% CAGR over the last five years.
The forecast from 2024 onward suggests a stable but slow growth trend, with a projected CAGR of 0.5% and an overall growth rate of 2.51% leading into 2028.
- Monitoring raw material costs and the impact of global trade policies on the feed industry.
- Technological advancements in feed production and sustainability practices.
- Changes in local regulations and their impact on production and market dynamics.
