Key Market Indicators
Germany's energy consumption is projected to remain stable, reaching approximately 12.36 exajoules by 2028, up slightly from 12.35 exajoules in 2023. This consistency in energy demand marks a stark contrast to historical trends, which have seen a 2% annual decline since 1970. In 2023, Germany ranked as the tenth-largest consumer of energy globally, with Iran narrowly leading at 12.35 exajoules. The top three spots were held by the United States, India, and Russia, respectively. On the supply side, Germany's energy output is expected to see minimal growth, reaching around 278 million tonnes of oil equivalent by 2028, up from 277 million tonnes in 2023. This represents a flat year-on-year growth rate. Historically, since 1965, Germany's energy supply has decreased by an average of 1.8% annually. In the global ranking for energy supply, France, Saudi Arabia, and the United Kingdom are positioned second, third, and fourth, respectively.
