The wheat processing industry in the Netherlands began with a high volume of 73.0 thousand metric tons in 2014 but saw a steep decline to 41.0 in 2015. The subsequent years showed minor fluctuations, generally trending downwards. Notably, by 2023 the volume stood at 32.0 thousand metric tons. The industry has experienced consistent yearly declines, with a significant -5.88% year-on-year drop in 2023. Over the past two years, the year-on-year decreases averaged roughly -5.56% per year, and the five-year CAGR stood at -6.17%. Projections indicate a continued downward trend, with a notable average year-on-year decline of -6.89% forecasted through 2028.
Future trends to watch for include:
- Potential market adjustments due to changes in agricultural policies and subsidies.
- Shifts in consumer demand towards alternative grains and plant-based products.
- Technological advancements in wheat processing efficiency.
- Impacts of climate change on wheat production and quality.