Key Market Indicators
Dutch energy consumption is projected to remain flat at approximately 3.5 exajoules by 2028, showing no significant growth from 2023 levels. This follows a historical trend of a 0.8% annual decline in demand since 1970. In 2023, the Netherlands ranked 29th globally in energy consumption, with Argentina slightly ahead at the same level. Leading the global rankings were the United States, India, and Russia, occupying the second, third, and fourth positions respectively. Meanwhile, Dutch energy supply is forecasted to see a marginal increase. It is expected to grow from around 69.7 million tonnes of oil equivalent in 2023 to 70.1 million tonnes by 2028, a modest annual growth rate of 0.1%. This is in contrast to a 1% annual decline in supply since 1965. In 2023, the Netherlands was the eighth-largest supplier, just behind Kazakhstan. The top spots in energy supply were held by France, Saudi Arabia, and the United Kingdom, ranked second, third, and fourth respectively.
