Key Market Indicators
Malaysia's energy consumption is projected to hit approximately 5.5 exajoules by 2028, up from about 4.9 exajoules in 2023. This represents an annual growth rate of 1.7%. Historically, since 1970, Malaysia's energy demand has increased by an average of 2.5% each year. In the global ranking for 2023, Malaysia stood at 21st place, with Thailand slightly ahead, also at around 4.9 exajoules. Leading the chart were the United States, India, and Russia, occupying the second, third, and fourth positions, respectively.
