Oil & Gas in Belgium
Summary
Oil & Gas in Belgium industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). 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 average retail price of gasoline and diesel taken together. The value of the gas segment is calculated as the total volume of natural gas consumed multiplied by the retail price of natural gas.
- The Belgian oil & gas market recorded revenues of $59.5 billion in 2023, representing a negative compound annual growth rate (CAGR) of 2% between 2018 and 2023.
- Market consumption volumes declined with a negative CAGR of 2% between 2018 and 2023, to reach a total of 325.5 million BoE in 2023.
- The contraction in the oil & gas market in recent years can be attributed to the growing sales of electric vehicles. According to MarketLine, the Belgian hybrid and electric cars market stood at $7.9 billion in 2023, an increase of 11.2% from the previous year.
- Save time carrying out entry-level research by identifying the size, growth, major segments, 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 2023?
- What will be the size of the Belgium oil & gas market in 2028?
- What factors are affecting the strength of competition in the Belgium oil & gas market?
- How has the market performed over the last five years?
- What are the main segments that make up Belgium's oil & gas market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value 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 are the strengths of the leading players?
- 7.3. What are the most recent market developments?
- 8 Company Profiles
- 8.1. Exxon Mobil Corporation
- 8.2. TotalEnergies S.E.
- 8.3. Fluxys SA
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. About MarketLine
- List of Tables
- Table 1: Belgium oil & gas market value: $ million, 2018-23
- Table 2: Belgium oil & gas market category segmentation: % share, by value, 2018-2023
- Table 3: Belgium oil & gas market category segmentation: $ million, 2018-2023
- Table 4: Belgium oil & gas market geography segmentation: $ million, 2023
- Table 5: Belgium oil & gas market value forecast: $ million, 2023-28
- Table 6: Exxon Mobil Corporation: key facts
- Table 7: Exxon Mobil Corporation: Annual Financial Ratios
- Table 8: Exxon Mobil Corporation: Key Employees
- Table 9: Exxon Mobil Corporation: Key Employees Continued
- Table 10: TotalEnergies S.E.: key facts
- Table 11: TotalEnergies S.E.: Annual Financial Ratios
- Table 12: TotalEnergies S.E.: Key Employees
- Table 13: Fluxys SA: key facts
- Table 14: Fluxys SA: Key Employees
- Table 15: Belgium size of population (million), 2019-23
- Table 16: Belgium gdp (constant 2005 prices, $ billion), 2019-23
- Table 17: Belgium gdp (current prices, $ billion), 2019-23
- Table 18: Belgium inflation, 2019-23
- Table 19: Belgium consumer price index (absolute), 2019-23
- Table 20: Belgium exchange rate, 2019-23
- List of Figures
- Figure 1: Belgium oil & gas market value: $ million, 2018-23
- Figure 2: Belgium oil & gas market category segmentation: $ million, 2018-2023
- Figure 3: Belgium oil & gas market geography segmentation: % share, by value, 2023
- Figure 4: Belgium oil & gas market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the oil & gas market in Belgium, 2023
- Figure 6: Drivers of buyer power in the oil & gas market in Belgium, 2023
- Figure 7: Drivers of supplier power in the oil & gas market in Belgium, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the oil & gas market in Belgium, 2023
- Figure 9: Factors influencing the threat of substitutes in the oil & gas market in Belgium, 2023
- Figure 10: Drivers of degree of rivalry in the oil & gas market in Belgium, 2023
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