Key Market Indicators
Brazil's energy consumption is projected to climb to approximately 14.5 exajoules by 2028, an increase from 13.6 exajoules recorded in 2023. This growth represents an average annual rise of 1%. Historically, Brazilian energy demand has seen an average annual increase of 1.7% since 1970. In 2023, Brazil ranked seventh globally in energy consumption, a position overtaken by Canada, which also registered 13.6 exajoules. Other leading nations in energy consumption for 2023 included the United States, India, and Russia, occupying the second, third, and fourth positions respectively.
