In 2023, the available consumption of Liquefied Petroleum Gases (LPG) in Belgium stood at a key pivot point when considering forecasts for 2024 onwards. Based on the provided data, the LPG available for final consumption is expected to increase steadily from 2024 to 2028.
The year-on-year growth percentages indicate a consistent upward trend each year. From 2024 to 2025, the growth is approximately 2.24%. This is followed by a 2.17% increase from 2025 to 2026, 2.12% from 2026 to 2027, and a 2.05% rise from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period starting from 2023 to 2028 shows an annual growth of 2.15%.
Future trends to watch for include advancements in energy efficiency technologies, potential shifts in regulatory policies, and the influence of economic factors that could impact both supply and demand dynamics. Furthermore, changes in international trade agreements and the growth of renewable energy sources could also play significant roles in shaping the availability and consumption of LPG in Belgium.
