Key Market Indicators
Belgium's biofuel demand is projected to climb to approximately 16,800 barrels of oil equivalent per day by 2028. This marks an increase from around 14,800 barrels per day in 2023, reflecting an average annual growth rate of 2%. This upward trend has been consistent since 2014, with demand rising by an average of 11.3% each year. On the production side, Belgian biofuel output is forecast to reach roughly 10,600 barrels of oil equivalent per day by 2028, up from about 9,400 barrels per day in 2023. This represents a steady annual growth of 2%. Since 2014, the country’s biofuel supply has increased at an average rate of 3.3% per year.