In 2024, the employment in the Refined Petroleum Products sector in Belgium stands at 6.52 thousand full-time equivalents. This is forecasted to increase to 6.7 thousand in 2025, marking a year-on-year growth of approximately 2.76%. From 2025 to 2026, it is expected to rise to 6.88 thousand, an increase of around 2.69%. Between 2026 and 2027, employment is projected to grow to 7.07 thousand, showing a 2.76% rise. By 2028, the employment figure is anticipated to reach 7.24 thousand, reflecting a growth of about 2.40% from the previous year. The annual average growth rate (CAGR) over the five-year period from 2024 to 2028 is around 2.65%.
Future trends to watch for include the potential impact of renewable energy adoption on the refined petroleum products sector, technological advancements in refining processes, and regulatory changes targeting emissions standards. These factors could significantly influence employment trends in this sector over the coming years.
