The forecasted consumption of liquefied petroleum gases (LPG) in Belgium's industry sector shows a steady increase from 2024 through 2028. The figures exhibit a consistent year-on-year growth, with the percentage increase from 2024 to 2025 being approximately 2.37%, and a similar rate of growth continues annually. By 2028, the consumption is anticipated to reach 290.8 Thousand Tonnes of Oil Equivalent, with a compound annual growth rate (CAGR) of about 2.29% over the five-year period starting from 2024.
Future trends to watch for include:
• Potential shifts in industrial energy policies and regulations that may impact LPG usage.
• Innovations in energy efficiency within the industry sector that could alter consumption patterns.
• Market dynamics such as changes in the supply chain, price fluctuations, and competition from alternative energy sources.