Key Market Indicators
**French Energy Consumption Heads for Decline by 2028** France's energy consumption is projected to decline to approximately 7.7 exajoules by 2028, down from around 8.5 exajoules in 2023. This represents an average annual decrease of 1.5%. Historical data from 1970 shows a more significant annual decline of 3.4% in French energy demand. In 2023, France ranked 14th in global energy consumption, with Mexico surpassing it at the same consumption level of 8.5 exajoules. The top three spots were occupied by the United States, India, and Russia, respectively. **Modest Growth in French Energy Supply Predicted** Conversely, France's energy supply is expected to see a slight increase, reaching nearly 248 million tonnes of oil equivalent by 2028, up from about 245 million tonnes in 2023. This indicates a modest compound annual growth rate (CAGR) of 0.2%. Since 1965, the country's energy supply has seen a minor annual decrease of 0.1%. In 2023, France was the second-largest energy supplier, only behind Germany, which also had a supply of roughly 245 million tonnes of oil equivalent. Following France in the rankings were Saudi Arabia and the United Kingdom, securing the third and fourth positions, respectively.
