Forecast: Naphtha Energy Supply in Belgium

Naphtha energy supply in Belgium experienced significant fluctuations over the years. It peaked in 2016 at 140.23 Thousand Terajoules, followed by a sharp decline in 2018 and 2019, hitting a low of 59.77 Thousand Terajoules in 2019. However, it rebounded between 2020 and 2023, reaching 109.08 Thousand Terajoules in 2023. The year-on-year variation from 2021 to 2023 was relatively modest, with an increase of around 2.5%. Over the last five years, the compound annual growth rate (CAGR) was approximately 1.78%.

Future trends to watch for:

  • The forecast indicates a gradual increase in Naphtha energy supply, reaching 122.0 Thousand Terajoules by 2028.
  • Monitoring changes in industrial demand and policy shifts impacting fossil fuel usage will be crucial.
  • Technological advancements in energy efficiency could further influence future supply levels.

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