In 2023, the production of pure biodiesels in Belgium stood at 2.81 thousand Gigawatthours. From 2024 onwards, the forecasted data suggests a steady increase, with production expected to reach 3.13 thousand Gigawatthours by 2028. The year-on-year variations are as follows: from 2024 to 2025, a 2.44% increase; from 2025 to 2026, a 2.04% increase; from 2026 to 2027, a 2.0% increase; and from 2027 to 2028, a 2.29% increase. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 2.25%.
Future trends to watch for include potential advancements in biodiesel production technology, fluctuations in raw material availability, and evolving governmental policies related to renewable energy and carbon emissions. These factors could significantly impact the production volumes and growth rates projected in the forecast.
