The crude oil energy supply in Belgium stood at 1.4500 Million Terajoules in 2023. Forecasted data suggests a consistent annual increase, with values projected to be 1.4585 in 2024, 1.4679 in 2025, 1.4772 in 2026, 1.4864 in 2027, and 1.4955 Million Terajoules in 2028. The year-on-year variations are approximately as follows:
- 2023-2024: +0.59%
- 2024-2025: +0.65%
- 2025-2026: +0.63%
- 2026-2027: +0.62%
- 2027-2028: +0.61%
Over the last two years, the average annual growth rate was around 0.62%, and the Compound Annual Growth Rate (CAGR) over the next five years is projected to be approximately 0.61%. This shows a stable but modest growth trend in the crude oil energy supply in Belgium.
Future trends to watch for include the impact of global energy policies on crude oil demand, advancements in renewable energy sources, and Belgium’s strategic moves towards energy transition and sustainability goals. Observing these factors will be crucial for understanding the long-term trajectory of crude oil energy supply in the region.
