The final consumption of natural gas in the transport equipment sector in the Netherlands displayed fluctuations over the observed period from 2013 to 2023. Starting at 1.95 thousand terajoules in 2013, the value reached 1.9 thousand terajoules by 2023, evidencing a slight overall decline. The consumption saw varied year-on-year changes, with significant drops in 2020 (-13.26%) and rebounds in other years like 2021 (+12.61%). The compound annual growth rate (CAGR) for the five years ending in 2023 was -3.22%. Looking ahead, the forecasted CAGR from 2024 to 2028 is -1.2%, indicating a continued downward trend. From 2024 onwards, the values are forecasted to gradually decrease from 1.87 to 1.76 thousand terajoules by 2028.
Future trends to watch for include:
- The impact of sustainability initiatives and regulations on natural gas consumption.
- Technological advancements in transport equipment efficiency.
- Possible shifts towards alternative energy sources.