The production value of television programming and broadcasting activities in Belgium has exhibited notable fluctuations over the past decade, peaking in 2017 at €812.7 million, followed by a sharp decline in 2018 (-71.31%). The industry partially rebounded in subsequent years, but with consistent drops in value from 2021 onwards, resulting in a value of €337.9 million for 2023, reflecting a year-on-year decrease of 10.87% from 2022. The Compound Annual Growth Rate (CAGR) over the last five years (-14.25%) underscores a troubling downward trend. Looking ahead, the forecast indicates a continuous decline, predicting the value to drop to €137.7 million by 2028, with an average annual decrease of 14.25%.
Future trends to watch for:
- Influence of streaming platforms on traditional television broadcasting.
- Adaptations in content production and distribution due to technological advancements.
- Impact of changing consumer preferences and viewing habits.