The primary energy supply in Indonesia stood at 244.48 Million Tonnes Of Oil Equivalent in 2023. Analyzing the data from 2013 to 2023 demonstrates a varied trajectory with fluctuations but an overall growth trend. The year-on-year variations show significant changes: a notable increase of 7.44% in 2018 and a drop by 4.33% in 2020 amidst the pandemic. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 is calculated at 0.77%. Projections from 2024 to 2028 suggest a steady uptrend with a forecasted 5-year CAGR of 0.95%, indicative of a moderate but consistent increase in primary energy supply.
Future trends to watch for include:
- Evolving energy policies and their impact on primary energy supply.
- Investment and advancements in renewable energy sources.
- Global economic conditions affecting energy demand and supply dynamics.
- Technological innovations in energy efficiency and management.
