Key Market Indicators
Mexican energy consumption is projected to climb to 9.4 exajoules by 2028, up from 8.8 exajoules in 2023. This marks an annual growth rate of 1% over the period. Since 1970, Mexico's energy demand has steadily increased, rising by an average of 1.6% each year. In 2023, Mexico ranked 13th globally in energy consumption, but was surpassed by Indonesia, which also consumed 8.8 exajoules. The top three consumers of energy in 2023 were the United States, India, and Russia, respectively.
