The final consumption of natural gas in Belgium's mining and quarrying sector has demonstrated variable trends over the past decade, starting at 139.76 GWh in 2013 and reaching 194.59 GWh in 2023. Notable year-on-year fluctuations include a significant decline of 20.55% in 2013 and a pronounced increase of 12.72% in 2018. The recent years 2022 and 2023 showed modest increases of 2.66% and 2.54% respectively. Over the last five years, the CAGR averaged -1.43%, indicating an overall slight decrease.
From 2024 onwards, forecasted data predict a consistent upward trend, with a forecasted CAGR of 1.79% over the next five years, culminating in a consumption of 217.87 GWh by 2028. This reflects a projected growth rate of 9.29% from 2023 to 2028.
Future trends to watch for include:
- The impact of energy efficiency measures and technological advancements on natural gas consumption.
- The influence of regulatory changes and environmental policies on the mining and quarrying sector.
- Market dynamics, including supply chain disruptions or shifts in natural gas prices, which may affect overall consumption patterns.
