In 2023, the energy consumption in the industry sector in the Philippines was 19.40% of total energy consumption. The forecasted data indicates a slight and consistent decline in energy consumption from 19.33% in 2024 to 19.08% in 2028. Year-on-year variations show minimal percentage decreases over each subsequent year.
Key Observations:
The Compound Annual Growth Rate (CAGR) for the forecasted period (2024-2028) is approximately -0.31% per year, indicating a steady but minor downward trend.
Future Trends to Watch:
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