The historical yields of oil crops in Belgium have shown significant fluctuations, with a notable decline from 30.83 thousand hectograms per hectare in 2013 to a low of 19.03 in 2016. Since then, yields have generally increased, reaching 39.42 thousand hectograms per hectare in 2023. This makes a noticeable turnaround post-2016, with yields improving consistently. Year-on-year variations have been substantial, with a 69.54% increase in 2018 being particularly striking. In more recent years, the year-on-year growth has stabilized around 3%, with the most recent figures showing a 2.89% increase in 2023. Over the last five years, the CAGR has been a modest 1.01%.
Looking ahead, the forecast indicates a steady growth trajectory, with the yield expected to reach 45.21 thousand hectograms per hectare by 2028. This reflects an average annual growth rate (CAGR) of 2.15% over the forecasted five-year period, implying a cumulative growth rate of 11.24% by 2028.
- Significant historical fluctuations
- Recent stabilization with modest year-on-year increases
- Forecasted steady growth
Future trends to watch for include the impact of climate change on crop yields, advancements in agricultural technology, and shifts in EU agricultural policies, which could significantly influence production efficiency and sustainability in the coming years.
