The sub-bituminous coal available for final consumption in Belgium stood at 29.83 thousand tonnes of oil equivalent in 2023. Over the past decade, the data shows significant year-on-year fluctuations, with substantial increases in 2016 and 2018, and notable decreases in 2015 and 2021. The most recent years indicate a stabilization trend with slight year-on-year changes: 1.44% in 2022 and a marginal decline of 0.074% in 2023. The compound annual growth rate (CAGR) for the last 5 years leading to 2023 is minimal, illustrating an almost steady state around 29-30 thousand tonnes of oil equivalent. Forecasts up to 2028 predict a negligible decline with a 5-year CAGR of -0.03%, projecting a flat growth pattern.
Future trends to watch for:
- Potential policy changes in Belgium around coal consumption and environmental impact regulations.
- Advancements in alternative energy sources that could impact sub-bituminous coal demand.
- Global economic conditions affecting coal prices and availability.