Pigmeat slaughterings in Belgium have seen fluctuations over the past decade. From 2013 to 2015, the values remained relatively stable, hovering around 11.9 million units. The period from 2016 to 2019 experienced a decline, with significant decreases in 2016 and 2019. The value oscillated again from 2020 to 2021 with a moderate recovery, reaching 11.58 million units in 2021, before dropping to a low of 10.52 million units in 2022. In 2023, we saw a slight recovery to 10.77 million units.
The average annual growth rate (CAGR) over the last 5 years (2019-2023) stood at -0.83%, indicating a general downward trend despite occasional upticks. The year-on-year variation shows mixed results, reflective of the volatile nature of the market. The forecast up to 2028 is relatively stable but continues on a slightly declining trajectory, with a forecasted CAGR of -0.04%, suggesting minimal reduction.
Trends to watch in the future include:
- Technological advancements in pig farming and slaughtering practices could improve efficiency and output.
- Market demand fluctuations driven by consumer preferences and economic conditions.
- Regulatory changes in the meat industry, particularly concerning animal welfare and environmental impacts.
- Influence of international trade policies and agreements on the Belgian pigmeat market.
