The forecast for refined products production value in Belgium shows a consistent decline from 2024 to 2028. In 2023, the production value stood at €27.45 billion. Year-on-year variation indicates a decrease: 2024 (-8.27%), 2025 (-8.32%), 2026 (-9.01%), 2027 (-9.79%), and 2028 (-10.71%). Over the five-year forecast period, the compound annual growth rate (CAGR) is -8.6%.
Future trends to watch for include potential impacts from energy policy shifts, advancements in alternative energy technologies, and changes in global oil prices. These factors could further influence the refined products market in Belgium.
