Key Market Indicators
Iran's energy consumption is projected to climb to approximately 13.7 exajoules by 2028, up from 12.4 exajoules in 2023, according to recent forecasts. This represents an average annual growth rate of 1.5%. Since 1970, Iran's energy demand has seen a steady increase, averaging 2.2% growth per year. In the global rankings for 2023, Iran secured the ninth spot, with South Korea surpassing it at 12.4 exajoules. Leading the list were the United States, India, and Russia, occupying the second, third, and fourth positions, respectively.
