The oilseeds production in Belgium for 2023 stood at 28.32 million Euros. Analysing the forecasted values from 2024 to 2028, we observe a slight but consistent decline in production value. Specifically, from 2024 to 2025, there is a decrease of 0.60%, followed by further reductions of 0.46% in 2026, 0.40% in 2027, and 0.32% in 2028. Over the five-year period, the Compound Annual Growth Rate (CAGR) indicates an average annual decline of approximately 0.48%.
A few future trends to watch for include:
- Advancements in agricultural technology that could increase yield efficiency.
- Changes in domestic and EU agricultural policy that may impact subsidies and production incentives.
- Global demand shifts due to alterations in dietary trends and biofuel production.
