In 2023, the coal tar available for final consumption in Belgium was recorded at 9.32 thousand terajoules. From 2024 onwards, the forecasted data indicates a gradual increase: 9.44 thousand terajoules in 2024, 9.58 in 2025, 9.71 in 2026, 9.84 in 2027, and 9.96 in 2028. This demonstrates a steady year-on-year increase of about 1.5% between 2024 and 2025, 1.4% between 2025 and 2026, 1.3% between 2026 and 2027, and 1.2% between 2027 and 2028. The 5-year compound annual growth rate (CAGR) from 2024 to 2028 averages to approximately 1.3% per year.
Future trends to watch for include potential shifts in energy policy and sustainability measures that could impact the demand for and availability of coal tar. Additionally, advancements in alternative materials and technological innovations in related industries may influence consumption patterns and market dynamics.