The consumption of blended biodiesels in Belgium has seen significant fluctuations since 2013. In 2023, the value stood at 7.71 thousand Gigawatthours.
Key historical trends and variations:
• From 2013 to 2022, there were notable year-on-year variations with ups and downs.
• Between 2015 and 2016, consumption saw an 80.3% increase.
• A dramatic surge of 61.06% was observed in 2020, followed by moderate increases in subsequent years.
• Recent growth rates show steadier increments, e.g., a 4.62% year-on-year growth in 2023.
• The last five-year compound annual growth rate (CAGR) up to 2023 was 12.67%.
Future trends to watch:
Looking forward, forecasted data predicts a gradual growth with a 5-year CAGR of 3.05% from 2024 to 2028, indicating a more stable yet positive trend in biodiesel consumption. Potential influences could be regulatory changes, advancements in biofuel technology, and shifts in energy policies.
