Key Market Indicators
Indonesia's energy consumption is projected to hit approximately 10.5 exajoules by 2028, up from 9 exajoules in 2023. This represents an annual growth rate of about 2.3% in compound annual growth rate (CAGR). The nation's energy demand has seen a substantial increase over the decades, rising by an average of 3.2% annually since 1970. In 2023, Indonesia ranked 12th globally in energy consumption, a position surpassed by Saudi Arabia, which recorded the same 9 exajoules. Leading the global ranking, the United States, India, and Russia took the second, third, and fourth positions, respectively.
