Based on the provided data, the forecasted domestic extraction of oilseeds in Belgium shows a relatively stable trend from 2024 to 2028, with values ranging from 44.79 to 44.81 thousand metric tons. Compared to the actual extraction value in 2023, the forecasted data indicates minimal year-on-year variation, suggesting a steady supply of oilseeds.
Over the last two years, the extraction values were marginal, implying a steady industry without significant fluctuations. The compound annual growth rate (CAGR) over the five-year forecast period is negligible, reinforcing the trend of stability and lack of substantial growth or decline.
Future trends to watch for include potential impacts of climate change on oilseed crop yields, changes in agricultural policies in Belgium, and shifts in global demand and market prices for oilseeds. These factors could influence the stability of domestic extraction rates in the long term.
