In 2023, the supply of liquefied petroleum gases (LPG) in Belgium stood at an actual value of 1.56 million tonnes of oil equivalent. The forecasted data from 2024 to 2028 show a steady increase in LPG supply, rising from 1.58 in 2024 to 1.66 million tonnes of oil equivalent in 2028. This represents a year-on-year variation of approximately 1.27% from 2024 to 2025, followed by consistent annual growth rates with slight increments, ultimately culminating in a 1.21% increase from 2027 to 2028. Over the five-year period, the compound annual growth rate (CAGR) is about 1.23%, indicating a stable and moderate upward trend in LPG supply.
Future trends to watch for include technological advancements in LPG production and distribution, potential policy changes in energy regulation, and fluctuations in global LPG prices that could impact local supply and pricing structures in Belgium. Additionally, ongoing shifts towards renewable energy sources might influence the broader energy mix, potentially moderating the growth rate of LPG supply in the coming years.
