Key Market Indicators
Estonia's energy consumption is projected to climb to 0.23 exajoules by 2028, up from 0.22 exajoules in 2023. This marks an average annual growth rate of 0.5%, according to recent forecasts. Despite this anticipated growth, Estonia's energy demand has seen a significant decline over the past decades. Since 1990, the country's energy consumption has decreased by 4.4% annually on average. In the global rankings for 2023, Estonia was positioned at number 73, with Iceland surpassing it with a consumption level of 0.22 exajoules. Leading the rankings were the United States, India, and Russia, occupying the second, third, and fourth spots respectively.
