Belgium's solid biofuels electricity production capacity has shown a declining trend over the past decade. Notably, there was a consistent decrease from 2013 to 2023, with 2020 being an anomaly showing a slight increase. The most recent data indicates a decline with a year-on-year reduction from 2022 to 2023 by 6.8%. The last CAGR over the past five years stands at -5.51%. The forecast for the next five years projects an average annual decrease of 3.11%, culminating in a total decline of 14.63% by 2028. Future trends to watch include potential policy changes, technological advancements, and shifts in energy market preferences that may impact production capacities.
