The refined products turnover in Belgium is forecasted to experience a consistent decline from 2024 to 2028. Starting at 34.32 billion euros in 2024, it decreases year by year to 27.23 billion euros in 2028. This represents an annual average contraction of about 5.6%, reflecting a clear downturn over the five-year period.
Looking forward, key trends to watch for include shifts in energy policy, technological advancements in refining processes, and fluctuations in demand for refined products possibly driven by alternative energy sources and sustainability measures. Monitoring these factors will be critical for understanding future market dynamics.
