In 2024, the forecasted amount of pure biodiesels available for final consumption in Belgium is 127.48 terajoules, increasing to 140.42 terajoules by 2028. This equates to year-on-year growth rates of 2.62% from 2024 to 2025, 2.50% from 2025 to 2026, 2.37% from 2026 to 2027, and 2.29% from 2027 to 2028. The overall compound annual growth rate (CAGR) from 2024 to 2028 is approximately 2.44%.
Future trends to watch for:
- Technological advancements in biodiesel production
- EU policies on renewable energy and carbon emissions
- Fluctuations in crude oil prices affecting biodiesel demand
- Investment in infrastructure for biodiesel distribution
