Key Market Indicators
Macedonian hydro power consumption is projected to reach approximately 5,650 terajoules by 2028, up from 5,630 terajoules in 2023. This represents a modest growth rate of 0.1% per year. Historically, the country's demand has declined by an average of 2.7% annually since 1995. In 2023, North Macedonia ranked 26th in hydro power consumption, with Montenegro surpassing it at the same figure of 5,630 terajoules. Leading the global rankings were Sweden, France, and Italy, occupying the second, third, and fourth positions, respectively. Hydropower generation in North Macedonia is expected to follow a similar trend, also reaching around 5,650 terajoules by 2028 from 5,630 terajoules in 2023. This growth mirrors the consumption increase at an annual rate of 0.1%. Since 1995, the country's hydropower supply has seen a yearly decrease of 2.7%. In the 2023 ranking, North Macedonia was again in the 26th position, with Montenegro taking the lead at 5,630 terajoules. Sweden, France, and Italy held the second, third, and fourth places in the ranking.