For Belgium, the forecasted pig production value shows consistent growth from 2024 to 2028, starting at 1.53 billion Euros in 2024 and increasing by 0.01 billion Euros each subsequent year, reaching 1.57 billion Euros in 2028. As of 2023, the pig production value stood at 1.52 billion Euros. The year-on-year variation from 2023 to 2024 is approximately 0.66%, showing a steady upward trend. Over the last two years (2022-2023), pig production value had a modest variation of about 0.66%. The Compound Annual Growth Rate (CAGR) over the forecasted five-year period from 2023 to 2028 is around 0.66% per year.
Future trends to watch for include potential impacts from policy changes in agriculture and livestock management, advancements in farm technologies, evolving consumer preferences towards sustainable and organic products, and fluctuations in global feed prices that could affect production costs and output.
