Forecast: Beef Meat Production in Belgium

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.

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