Key Market Indicators
Iranian energy consumption is projected to hit approximately 13.7 exajoules by 2028, marking an increase from around 12.4 exajoules in 2023. This represents an average annual growth rate of 1.5%. Since 1970, Iran's energy demand has consistently risen at an average annual rate of 2.2%. In 2023, Iran ranked ninth globally in terms of energy consumption, with South Korea surpassing it with the same consumption level of 12.4 exajoules. The United States, India, and Russia occupied the second, third, and fourth positions, respectively, in the global energy consumption rankings for 2023.
