Key Market Indicators
Belgium's energy consumption is projected to hit 2.5 exajoules by 2028, up from approximately 2.49 exajoules in 2023. This growth represents an average annual increase of 0.1%. Historically, since 1970, Belgium has seen a yearly decline in energy demand, averaging a reduction of 0.6%. Despite this recent uptick, the country remains relatively low in the global rankings. In 2023, Belgium held the 33rd position in global energy consumption, narrowly edged out by Algeria, which matched Belgium's 2.49 exajoules. Leading the global rankings are the United States, India, and Russia, occupying the second, third, and fourth spots respectively.
