The final consumption of sub-bituminous coal in the industry in Belgium has demonstrated substantial fluctuation from 2013 to 2023, with significant growth observed in recent years. In 2023, the consumption stood at 1580 Terajoules, representing a year-on-year increase of 5.23%. Over the last five years (2018-2023), the compound annual growth rate (CAGR) averaged 5.69%. From 2024 onwards, the forecasted CAGR is 3.42%, leading to a projected growth of 18.29% over the next five years up to 2028.
Future trends to watch for:
- Monitoring technological advancements in coal consumption efficiencies.
- Evaluating the impact of stricter environmental regulations on coal usage.
- Assessing alternative energy sources and their influence on coal demand in industries.