Analyzing the final consumption of hard coal in Belgium, we observe a steady decline from 2024 to 2028. The forecasted consumption values in thousand metric tons are: 439.7 in 2024, 438.1 in 2025, 436.7 in 2026, 435.5 in 2027, and 434.4 in 2028. This data signifies a continuous trend of decreasing hard coal consumption.
Comparing year-on-year variations:- From 2024 to 2025: the consumption decreases by approximately 0.36%.- From 2025 to 2026: the consumption decreases by approximately 0.32%.- From 2026 to 2027: the consumption decreases by approximately 0.27%.- From 2027 to 2028: the consumption decreases by approximately 0.25%. Looking at the overall trend, the Compound Annual Growth Rate (CAGR) reveals an average yearly decline of around 0.3% from 2024 to 2028.
Future trends to monitor include advancements in renewable energy sources and Belgium’s energy policy changes. These factors may further influence the reduction in hard coal demand, accelerating the shift towards sustainable energy solutions. Monitoring policy changes and technological advancements in energy storage and efficiency will be pivotal in forecasting future consumption patterns more accurately.