Key Market Indicators
Malaysian energy consumption is projected to hit 5.5 exajoules by 2028, up from approximately 4.9 exajoules in 2023. This represents an average annual growth rate of 1.7%. Since 1970, Malaysia's energy demand has increased at an average annual rate of 2.5%. In 2023, Malaysia ranked 21st in global energy consumption. Neighboring Thailand recorded slightly higher consumption at around 4.9 exajoules. The top spots in the global ranking were dominated by the United States, India, and Russia, which held the second, third, and fourth positions, respectively.
