Coal consumption in Chile saw a stable pattern in the early 2010s, with minor year-on-year fluctuations around 0.31 to 0.32 exajoules. A significant decline began in 2020, dropping to 0.26 exajoules, followed by a slight rebound in 2021 but then a sharp drop to 0.22 exajoules in 2022, where it stood in 2023. The average annual change over the previous five years culminates with a negative CAGR of -6.5% from 2019 to 2023. Forecasts for 2024 to 2028 show a slight stabilization with a forecasted CAGR of 0.87%, indicating a mild recovery.
Future trends to watch for include:
- Potential policy changes aimed at reducing carbon emissions which might further impact coal consumption.
- The adoption rate of alternative energy sources and their effect on coal demand.
- Global coal market conditions which could influence local consumption patterns in Chile.