Key Market Indicators
Korea's energy consumption is projected to hit approximately 13.4 exajoules by 2028, up from around 12.8 exajoules in 2023. This anticipated growth represents an average annual increase of 0.7%. Since 1970, Korea's energy demand has been on a steady rise, averaging an annual growth rate of 0.3%. As of 2023, Korea ranks eighth globally in energy consumption. Brazil slightly surpasses Korea, also consuming about 12.8 exajoules of energy. The United States, India, and Russia hold the second, third, and fourth positions in global energy consumption, respectively.
