The Primary Solid Biofuels Gross Electricity Production in Belgium exhibited significant fluctuations from 2013 to 2023. The value stood at 220.97 thousand tonnes of oil equivalent in 2023. There was an average annual decline of approximately -5.91% over the last five years, highlighting a deceleration trend. For the past two years, a continuous descending trend is evident with year-on-year variations of -1.29% in 2022 and -5.79% in 2023.
Future trends worth monitoring include:
- The forecasted decline, with a negative CAGR of -2.71% over the next five years, suggests that biofuel electricity production will decrease by approximately 12.86% by 2028.
- Policy changes regarding renewable energy incentives and technological advancements in alternative energy sources, which could influence production volumes.