From 2013 to 2023, Belgium's beef meat production displayed fluctuations. It peaked in 2017 at 281.54 Thousand Metric Tons but dipped to 266.39 Thousand Metric Tons by 2023, representing a slight year-on-year decline of 0.17% in 2023. The last five years saw an average annual decrease (CAGR) of 0.8%.
For future trends:
- Production is expected to continue its gradual decline, reaching 264.01 Thousand Metric Tons by 2028.
- The forecasted five-year CAGR from 2024 to 2028 is -0.14%, indicating a modest yet consistent reduction.
- Key factors to monitor include changes in domestic demand, export policies, and environmental regulations impacting the meat industry.