The production value of fibre crops in Belgium for 2023 stood at 34 million euros. The forecasted data from 2024 to 2028 show a steady year-on-year increase in the production value, highlighting a positive growth trend. Specifically, the value is forecasted to rise from 34.53 million euros in 2024 to 36.97 million euros in 2028, demonstrating consistent growth.
Key year-on-year variations from 2024 to 2028 indicate:
• From 2023 to 2024: 1.56%
• From 2024 to 2025: 1.77%
• From 2025 to 2026: 1.76%
• From 2026 to 2027: 1.71%
• From 2027 to 2028: 1.65%
Over the last two years, the CAGR shows an average annual increase of approximately 1.69%, which confirms a steady upward trajectory.
Future trends to watch out for include the impact of technological advancements in agriculture, potential changes in European Union agricultural policies, and the broader impact of climate change on crop yields. Additionally, shifts in global demand for fibre crops and fluctuations in related markets will also be critical for monitoring future production values.
