Belgium Oil and Gas Market Summary, Competitive Analysis and Forecast to 2027
Summary
Oil & Gas in Belgium industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The oil and gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas by end-users in each country. The value of the oil segment reflects the total volume of refined petroleum products, including refinery consumption and losses, multiplied by the hub price of crude oil. The value of the gas segment is calculated as the total volume of natural gas consumed multiplied by the price of natural gas (Henry Hub spot price). The values represent the total revenues available to exploration and production companies from sales of crude oil and natural gas. All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2022 annual average exchange rates.
- The Belgian oil & gas market had total revenues of $69.6 billion in 2022, representing a compound annual growth rate (CAGR) of 4.4% between 2017 and 2022.
- Market consumption volumes declined with a negative CAGR of 1% between 2017 and 2022, to reach a total of 326 million BoE in 2022.
- The Belgian oil & gas market is driven by several macroeconomic factors, such as rising GDP coupled with increasing industrialization and rising inflation. According to in-house research, in 2022, the real GDP annual growth rate of Belgium stood at 3.1%.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the oil & gas market in Belgium
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in Belgium
- Leading company profiles reveal details of key oil & gas market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Belgium oil & gas market with five year forecasts
- What was the size of the Belgium oil & gas market by value in 2022?
- What will be the size of the Belgium oil & gas market in 2027?
- What factors are affecting the strength of competition in the Belgium oil & gas market?
- How has the market performed over the last five years?
- How large is Belgium’s oil & gas market in relation to its regional counterparts?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of the leading players?
- 7.4. What are the most recent market developments?
- 8 Company Profiles
- 8.1. Exxon Mobil Corporation
- 8.2. TotalEnergies S.E.
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Belgium oil & gas market value: $ million, 2017-22
- Table 2: Belgium oil & gas market volume: million BoE, 2017-22
- Table 3: Belgium oil & gas market category segmentation: % share, by value, 2017-2022
- Table 4: Belgium oil & gas market category segmentation: $ million, 2017-2022
- Table 5: Belgium oil & gas market geography segmentation: $ million, 2022
- Table 6: Belgium oil & gas market value forecast: $ million, 2022-27
- Table 7: Belgium oil & gas market volume forecast: million BoE, 2022-27
- Table 8: Exxon Mobil Corporation: key facts
- Table 9: Exxon Mobil Corporation: Annual Financial Ratios
- Table 10: Exxon Mobil Corporation: Key Employees
- Table 11: Exxon Mobil Corporation: Key Employees Continued
- Table 12: TotalEnergies S.E.: key facts
- Table 13: TotalEnergies S.E.: Annual Financial Ratios
- Table 14: TotalEnergies S.E.: Key Employees
- Table 15: Belgium size of population (million), 2018-22
- Table 16: Belgium gdp (constant 2005 prices, $ billion), 2018-22
- Table 17: Belgium gdp (current prices, $ billion), 2018-22
- Table 18: Belgium inflation, 2018-22
- Table 19: Belgium consumer price index (absolute), 2018-22
- Table 20: Belgium exchange rate, 2018-22
- List of Figures
- Figure 1: Belgium oil & gas market value: $ million, 2017-22
- Figure 2: Belgium oil & gas market volume: million BoE, 2017-22
- Figure 3: Belgium oil & gas market category segmentation: $ million, 2017-2022
- Figure 4: Belgium oil & gas market geography segmentation: % share, by value, 2022
- Figure 5: Belgium oil & gas market value forecast: $ million, 2022-27
- Figure 6: Belgium oil & gas market volume forecast: million BoE, 2022-27
- Figure 7: Forces driving competition in the oil & gas market in Belgium, 2022
- Figure 8: Drivers of buyer power in the oil & gas market in Belgium, 2022
- Figure 9: Drivers of supplier power in the oil & gas market in Belgium, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the oil & gas market in Belgium, 2022
- Figure 11: Factors influencing the threat of substitutes in the oil & gas market in Belgium, 2022
- Figure 12: Drivers of degree of rivalry in the oil & gas market in Belgium, 2022
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