The gross inland consumption of liquefied petroleum gases (LPG) in Belgium exhibited notable fluctuations over the past decade, reaching 66.88 thousand terajoules in 2023. The series experienced variable changes from rapid growth in 2018 with a 72.27% year-on-year increase, to a steep decline in 2016 at -25.99%. The recent two years showed moderate increases up to 3.08% in 2023. The compounded annual growth rate (CAGR) over the last five years, including the forecasted data, is estimated at 2.15%.
Future trends to watch for include the continued adoption of renewable energy sources, potential shifts in regulatory policies affecting fossil fuel consumption, and advancements in energy efficiency. Monitoring these factors will be crucial for accurate forecasting and strategic planning in the LPG market.
