The analysis of the import data of wood fuel to Belgium shows a slight decline over the forecasted period from 2023 to 2028. The year-on-year values and variations are as follows:
- Year 2024: $18.674 million
- Year 2025: $18.662 million (-0.06%)
- Year 2026: $18.65 million (-0.06%)
- Year 2027: $18.638 million (-0.06%)
- Year 2028: $18.627 million (-0.06%)
The Compound Annual Growth Rate (CAGR) over the last five years is approximately -0.05% per year, highlighting a consistent minor decline in wood fuel imports.
Future Trends
Future trends to watch include the impact of renewable energy policies, technological advances in alternative fuels, economic growth impacting energy consumption patterns, and potential shifts due to environmental regulations or trade agreements.