From 2013 to 2023, Belgium's cherries production demonstrated noticeable fluctuations beginning with a high growth of 78.95% in 2013, fluctuating over the years with peaks and troughs such as a decrease of 29.06% in 2016 and a significant rise of 82.5% in 2019. By 2023, the production stood at 6.39 thousand metric tons, reflecting marginal growths of 0.28% in 2022 and 0.3% in 2023. The last 5-year CAGR until 2023 was 9.8%, showing a robust annual growth on average.
Looking towards the future, production is forecasted to increase slightly to 6.48 thousand metric tons by 2028. With a forecasted 5-year CAGR of 0.24%, the market is expected to experience steady yet modest growth.
Future trends to watch for include:
- Impact of climate change on agricultural yields
- Technological advancements in cherry farming
- Market demand fluctuations influenced by health trends and preferences
- Policy changes affecting agricultural practices and trade
