The agricultural output production in Belgium in 2023 stood at 12.02 billion Euros. Historically, examining the year-on-year variations and the compounded annual growth rate (CAGR), the sector has shown a mix of fluctuations. From 2013 to 2018, the market had periods of both declines and modest growth, reflecting a somewhat unstable trend. However, from 2019 to 2023, the agricultural output displayed more robust growth with significant spikes in 2021 and 2022, indicating positive developments and improvements in the sector.
Post-2024, the forecasted data suggests a stable yet gradual increase in the agricultural output, with a forecasted five-year CAGR of 0.65%. This suggests a steadier growth outlook compared to previous years' more volatile changes.
Trends to watch for in the future include:
- Technological advancements in agriculture that could drive efficiency and yield improvements.
- Environmental policies and their impact on farming practices.
- Global market trends and their influence on export opportunities and commodity prices.
