Forecast: Fossil Energy Final Consumption in Commercial and Public Services in Turkey

The consumption of fossil energy in commercial and public services in Turkey has shown significant fluctuations over the past years. From a 2013 value of 387.35 thousand Terajoules, the consumption peaked in 2017 at 493.66 thousand Terajoules, marking an 11.14% increase from the previous year. However, it saw a notable decline in subsequent years, with a significant drop of 19.49% in 2021. By 2023, the consumption was 392.01 thousand Terajoules, a 2.32% decrease from 2022. Over the last five years, the CAGR has been -2.2%, reflecting an overall downtrend.

Future forecasts indicate a continuing decline, with the consumption expected to reach 346.77 thousand Terajoules by 2028, translating to a forecasted 5-year CAGR of -1.96% and an overall decrease of -9.41%. This indicates a steady reduction in fossil energy consumption in the commercial and public sectors in Turkey.

Trends to watch for include potential policy shifts towards renewable energy sources, technological advances in energy efficiency, and economic factors influencing energy consumption patterns.