Key Market Indicators
Filipina energy consumption is projected to hit 2.44 exajoules by 2028, marking an increase from the 2.16 exajoules recorded in 2023. This represents a compound annual growth rate (CAGR) of approximately 1.9%. Historical data reveals that since 1970, the Philippines has consistently seen a 1.9% year-on-year increase in energy demand. As of 2023, the country held the 39th position in global energy consumption rankings. Notably, Colombia surpassed the Philippines with an energy consumption of 2.16 exajoules. In the global context, the United States, India, and Russia occupied the second, third, and fourth spots, respectively, in terms of energy consumption.
