In 2023, Belgium's anthracite energy supply stood at 284.59 Thousand Tonnes of Oil Equivalent, reflecting an 8.45% year-on-year increase from 2022. Over the last two years, the market showed significant volatility, with a 41.06% rise in 2022 and subsequent growth. Over the past five years, the compound annual growth rate (CAGR) has been slightly negative, at -1.33%, influenced by sharp declines in 2019, 2020, and 2021.
From 2024 onwards, the forecast data shows a steady annual increase, with a projected supply of 321.48 Thousand Tonnes of Oil Equivalent by 2028, yielding a 5-year CAGR of 1.93%. This indicates a stabilization and gradual return to growth after previous volatility.
Future trends to watch for include the impact of renewable energy adoption, regulatory changes, and advancements in cleaner combustion technologies, which could significantly affect demand and supply dynamics for anthracite in Belgium.
