Forecast: Poultry Meat Processing Production Value in Belgium

The poultry meat processing production value in Belgium has experienced varying trends over the past decade. The data indicates an initial upward trend from 2013 to 2016, with a significant jump in 2016. This was followed by a decline that gathered pace post-2019, with a notable drop in 2019. The downward trend continued into 2023, which stood at 0.9173 Billion Euros, marking a recurring decrease. The most recent year-on-year variations showcase modest declines, with -0.91% in both 2022 and 2023. The CAGR over the last five years reflects an average annual decrease of -5.87%. Evaluation of forecasts indicates a continual, albeit slower, decline reaching 0.8769 Billion Euros by 2028, with a forecasted five-year CAGR of -3.53%.

Future trends to watch for include potential impacts of regulatory changes, advancements in processing technology, shifts in consumer dietary preferences towards alternative proteins, and the ramifications of global trade policies which might alter production dynamics in the Belgian poultry sector.