Throughout the years 2013 to 2023, Belgium experienced fluctuations in cow milk cheese production. After significant growth from 2013 to 2017, reaching a peak in 2017, production has seen some declines, particularly in 2018 and 2019. Production values hovered around the 110 thousand metric tons mark from 2017 onwards, marginally increasing over the last two years up to 2023.
The year-on-year variations in 2022 and 2023 were modest, with growth rates of 0.41% and 0.74% respectively. As of 2023, production stood at 110.5 thousand metric tons. The CAGR over the last five years averaged at 0.65%, indicating a relatively stable trend at a low growth rate.
Future trends to watch for:
- Steady production levels: Predictions suggest a slight yet consistent increase in production, with a 5-year CAGR of 0.27% and an overall growth rate of 1.38% by 2028.
- Market dynamics: Monitor changes in consumer preferences towards dairy and plant-based alternatives which may influence future production levels.
