Forecast: Poultry Meat Processing Turnover in Belgium

The poultry meat processing turnover in Belgium stood at 1.17 Billion Euros in 2023. Historical data from 2013 to 2023 reveals a fluctuating trend with significant variations, such as a peak in 2016 at 1.34 Billion Euros and a nadir in 2019 at 1.01 Billion Euros. Recent years have shown more stability, with the turnover value at 1.17 Billion Euros for three consecutive years (2021-2023). The year-on-year variations have ranged significantly, e.g., a sharp drop in 2019 by -22.95% and a notable increase in 2016 by 10.05%. The Compound Annual Growth Rate (CAGR) for the past five years (2019-2023) indicates an average annual decrease of -2.37%.

Looking ahead, forecast data from 2024 to 2028 shows a stable trend in the poultry meat processing turnover, maintaining at 1.16 Billion Euros. The forecast 5-year CAGR points to a slight decline at -0.13%, suggesting minimal change in the industry’s turnover. Key trends for the future to watch for include:

• Potential impacts of new health regulations and food safety standards on production costs and turnover.
• Shifts in consumer preferences towards more or less poultry consumption in reaction to market trends and health awareness.
• The influence of technological advancements and automation on processing efficiencies and cost structures.
• Macroeconomic factors such as inflation and consumer spending power affecting overall meat consumption patterns.