Forecast: Poultry Production in Belgium

Poultry production in Belgium witnessed significant fluctuations from 2013 to 2023, with values moving from approximately 499.49 million euros in 2013 to 950.2 million euros in 2023. The Compound Annual Growth Rate (CAGR) over the decade reflects a positive trend, despite intermittent declines, indicating a steady but robust industry recovery.

Key observations include strong growth phases in 2015 (30.55%) and 2022 (32.35%), alongside notable downturns in 2019 (-5.96%) and 2020 (-9.39%). In the recent two years, the sector exhibited a 32.35% rise in 2022 followed by a slight drop of -3.33% in 2023, symbolizing market adjustments.

Future trends indicate a general upward trajectory with forecasts suggesting that the poultry production value could reach approximately 1120.0 million euros by 2028, at a forecast 5-year CAGR of 2.64% and a total growth rate of 13.9%. Despite cyclical variations, the long-term outlook remains positive, driven by rising demand and market expansion.

Key trends to watch include advancements in biosecurity measures, the impact of sustainable production practices, shifts in consumer preferences towards organic and free-range poultry, and potential policy changes impacting agricultural subsidies and trade regulations.