Forecast: Agricultural Products and Livestock Output in the Netherlands

The agricultural products and livestock output in the Netherlands have shown varying trends from 2013 to 2023. After an initial drop in output from 2013 to 2015, the sector experienced a period of fluctuation with minor gains and losses until 2019. A significant increase was noted from 2020 to 2022, peaking with a 17.2% year-on-year growth in 2022 and continued moderate growth by 2.08% in 2023.

The compound annual growth rate (CAGR) over the past five years leading up to 2023 was 5.46%, demonstrating robust improvement compared to previous periods. As of 2023, the output stood at 40.65 billion Euros. Forecasting ahead, the sector is expected to grow with a 1.54% CAGR from 2024 to 2028, reaching 44.79 billion Euros by 2028.

Future trends to watch for include technological advancements in agricultural practices, sustainability initiatives, and the impact of climate change on both crop and livestock production. These factors could influence output fluctuations and growth rates in the coming years.