The machinery sector's final consumption of natural gas in Belgium stood at 139.19 thousand tonnes of oil equivalent (ktoe) in 2023. Over the past two years, there has been a slight positive trend with year-on-year variations of 1.45% in 2022 and 1.4% in 2023. The last five years have shown an average CAGR of 0.8%. Notably, the sector showed significant fluctuations since 2013, with a notable decline in 2014 followed by recoveries and dips, stabilizing to positive trends recently.
Looking forward, the forecasted data suggests a steady increase with a five-year CAGR of 0.99% and an overall growth rate of 5.07% by 2028, indicating moderate but consistent growth. Key future trends to watch for include potential impacts of energy efficiency improvements, shifts towards greener technologies, and changes in industrial activity which could further influence natural gas consumption in the machinery sector.
