In 2023, Belgium's biomass exports were recorded at 45.73 million metric tons. The forecasted data for 2024 indicates a moderate increase to 46.48 million metric tons, which represents a year-on-year growth of 1.64%. The subsequent years show a steady upward trend with exports expected to reach 47.32 million metric tons in 2025 (1.80% increase), 48.14 million metric tons in 2026 (1.73% increase), 48.95 million metric tons in 2027 (1.68% increase), and 49.74 million metric tons in 2028 (1.61% increase). Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is approximately 1.69%.
Future trends to watch for:
- Increasing global demand for renewable energy sources as countries strive to meet their climate goals.- Potential policy changes and subsidies at both EU and national levels that could positively influence the biomass export market.- Technological advancements in biomass production and exportation, potentially enhancing efficiency and capacity.- Market dynamics influenced by sustainability standards and certifications that might become more stringent, impacting exportation strategies.
