From 2013 to 2023, the production in the radio broadcasting sector in Belgium experienced significant fluctuations. Starting at €106.9 million in 2013, the sector saw intermittent rises and falls, peaking at €117.6 million in 2014 before entering a downward trend. By 2023, the production value stood at €70.4 million, showing a gradual decline over the decade. The year-on-year variations highlight significant drops, especially in 2020 with a 31.56% decrease. However, 2023 witnessed a slight recovery with a 3.23% increase.
The last two years showed growth rates of 6.9% in 2022 and 3.23% in 2023, suggesting a stabilization. However, the 5-year CAGR portrays a declining trend at -3.9% from 2018 to 2023. Future projections indicate continued contraction with a forecast 5-year CAGR of -1.38%, reaching €63.9 million by 2028.
Future trends to watch for include:
- Potential digital transformation and adaptation to streaming services.
- Changes in consumer behavior towards on-demand content.
- Impact of technology and AI on radio content creation and distribution.
- Regulatory changes affecting the broadcasting landscape.
