Key Market Indicators
Moroccan energy consumption is projected to hit 1.06 exajoules by 2028, up from 0.97 exajoules in 2023. This represents an annual growth rate of 1.5%. Historically, Morocco's energy demand has increased at an average rate of 2.1% per year since 1970. In 2023, Morocco ranked 57th globally in energy consumption, with Switzerland narrowly ahead at 0.97 exajoules. The top spots were held by the United States, India, and Russia, respectively. On the supply side, Morocco's energy provision is expected to reach 25.9 million tonnes of oil equivalent by 2028, rising from 23.7 million tonnes in 2023. This marks an average annual growth of 1.5%. Since 1976, the country's energy supply has grown by an average of 2.8% per year. In 2023, Morocco ranked 15th in terms of energy supply, with Myanmar surpassing it at 23.7 million tonnes of oil equivalent. France, Saudi Arabia, and the United Kingdom occupied the second, third, and fourth positions, respectively.
