Added value agri-business complex amounts to 8.3 billion euros
In 2016, the Flemish agri-business complex (ABC) numbered 34,325 businesses, which was down 19% from 2008. The annual decline of the number of farms in particular has an impact on the total ABC figure.
In 2016, there were nearly 152,000 people employed in the various branches of the ABC (including the self-employed in agriculture and horticulture). That corresponds to 5.5% of the total working population in the Flemish Region. Compared to 2008, the number of jobs in the ABC decreased by 4%.
In 2016, ABC companies invested 2.04 billion euros, a rise of 10% compared to 2008. Investment in the ABC fluctuates from year to year and largely follows the trend in the food industry.
The turnover of the ABC has increased sharply in recent years. In 2016, ABC businesses achieved a turnover of 61.7 billion euros, i.e. an increase of 19% compared to 2008. The growth can largely be attributed to the food industry, which achieved a turnover of 39.7 billion euros.
The added value of the ABC equates to 8.3 billion euros in 2016, which is an increase of 34% compared to 2008.
Most ABC businesses (7 out of 10) are agricultural and horticultural companies. Together with the food industry, these are the biggest employers.
The food industry accounts for the largest share of turnover (65%), invests most (58%) and creates the highest added value (62%). The agricultural intermediary and collecting trade accounts for one fifth of the turnover and 12% of the added value.
The other sectors account for 8% of employment and 13% of added value.
Agri-business complex (ABC): direct and indirect economic activities related to production, processing and sales of agricultural products, including the supply and service businesses related to agricultural production.