The non-metallic minerals sector's final consumption of anthracite in Belgium stood at 34.1 thousand metric tons in 2023. From 2013 to 2023, the sector experienced significant fluctuations in consumption, characterized by notable peaks and troughs. The years from 2020 to 2022 saw sharp variations, with a substantial drop in 2020 followed by a strong rebound in 2022. The year 2023 saw a moderate growth of 10% from the previous year.
Looking ahead, the forecast data projects a steady increase in anthracite consumption, with an anticipated average annual growth rate (CAGR) of 1.19% over the next five years leading to 2028. This suggests a period of stabilization and modest growth following the recent volatility.
Future trends to watch for:
- Potential impact of regulatory changes aimed at reducing carbon emissions and encouraging greener alternatives to anthracite.
- Technological advancements in the non-metallic minerals sector that could either increase efficiency in anthracite usage or lead to the adoption of alternative energy sources.
- Global market factors, such as price fluctuations and supply chain disruptions, which could affect the availability and affordability of anthracite.
