The consumption of pure biodiesels in the industry in Belgium has shown a steady increase over recent years. In 2023, the consumption stood at 81.04 Terajoules. The forecasted data for 2024 indicates a consumption of 86.26 Terajoules, marking a year-on-year increase of 6.44%. This upward trend continues, with the forecasts showing 92 Terajoules in 2025 (6.66% increase), 97.71 Terajoules in 2026 (6.21% increase), 103.4 Terajoules in 2027 (5.82% increase), and 109.06 Terajoules in 2028 (5.48% increase). The compound annual growth rate (CAGR) from 2024 to 2028 stands at approximately 5.64%.
Future trends to watch include advancements in biodiesel production technology, potential changes in government policies promoting renewable energy, and fluctuations in oil prices that may impact the competitive pricing of biodiesel. Additionally, industry innovations in optimizing biodiesel blends for industrial use and potential shifts towards more sustainable energy sources could further influence consumption patterns in the coming years.