Key Market Indicators
Taiwan's energy consumption is projected to decline to approximately 4.8 exajoules by 2028, down from around 4.8 exajoules in 2023, marking an average annual decrease of 0.2%. This trend follows a historical pattern, as Taiwanese energy demand has been reducing by an average of 0.5% per year since 1970. In global rankings for 2023, Taiwan held the 23rd position in energy consumption. South Africa surpassed Taiwan with a consumption of roughly 4.8 exajoules. The United States, India, and Russia occupied the second, third, and fourth spots, respectively, highlighting their substantial energy usage.
