The consumption of anthracite in Belgium's industrial sector has shown a fluctuating trend over the years. The data reveals a significant drop in 2020, coinciding with global disruptions, followed by a recovery from 2021 onwards. In 2023, the consumption stood at 54.4 thousand metric tons. The year-on-year increase from 2022 to 2023 was 7.3%, indicating a positive trend. Over the last two years, the variations were +19.29% and +7.3%. The compound annual growth rate (CAGR) from 2018 to 2023 shows a marginal decline of -1.34%, but projections suggest a stabilization with a 1.53% CAGR forecasted for the next five years.
Future trends to watch for:
- The transition to greener energy sources could impact future consumption levels of anthracite.- Regulatory policies and industrial innovations may further influence demand.- Economic recovery and industrial growth post-2024 could sustain or increase consumption levels.