Key Market Indicators
Colombia's energy consumption is projected to hit 2.1 exajoules by 2026, up from 1.92 exajoules in 2021. This is an average growth rate of 1.3% year-on-year since 1970. Colombia came in 42nd place in 2021, overtaken by the Philippines at 1.92 exajoules. The United States, India and Russia took the top three spots, respectively. Colombian energy supply is forecast to reach 42.04 million tonnes of oil equivalent by 2026, from 38.32 million tonnes of oil equivalent in 2021. This is an average increase of 0.8% year-on-year since 1976. The country ranked 43rd in 2021, surpassed by the Czech Republic at 38.32 million tonnes of oil equivalent. Again, the United States, India and Russia occupied the top three positions.