The final consumption of primary solid biofuels in the industry in Belgium has shown fluctuations over the past years. In 2023, the consumption stood at 28.54 Thousand Terajoules. While the early years saw modest growth, notable increases were recorded in 2016 and 2018. However, 2019 and 2020 experienced significant declines. A recovery followed in 2021 with a 10.19% increase year-on-year. The subsequent years saw moderate growth, with the last two years reflecting a 1.53% increase in 2023 and projecting consistent growth thereafter.
Future trends to watch for include:
- Continued growth at a forecasted 5-year CAGR of 1.07%, reaching 30.54 Thousand Terajoules by 2028.
- Technological advancements and policy changes impacting biofuel production and consumption patterns.
- Economic factors and their effects on energy consumption in the industrial sector.