The coal consumption in Saudi Arabia saw a significantly fluctuating trend from 2013 to 2023. In 2013, the coal consumption was minimal at 0.004 exajoules and saw a moderate increase in the subsequent years until reaching 0.006 exajoules in 2014. This fluctuating pattern continued until 2017 when it hit a peak of 0.005 exajoules before stabilizing at 0.004 exajoules for three consecutive years from 2018 to 2020. Continued stability at 0.005 exajoules was observed from 2021 through 2023.
Over the last two years, from 2022 to 2023, the coal consumption remained unchanged at 0.005 exajoules, with a year-on-year variation of 0%. The Compound Annual Growth Rate (CAGR) over the past 5 years from 2018 to 2023 was approximately 4.56%, indicating small but steady growth.
Forecasts from 2024 to 2028 predict only slight increases, reaching up to 0.006 exajoules by 2028, with a forecasted 5-year CAGR of 3.71% and an overall growth rate of 20% for the same period.
Future trends to watch for:
- Potential policy changes focusing on renewable energy that might affect coal consumption levels.
- Fluctuations in global coal prices that could influence domestic consumption.
- Technological advancements in energy efficiency that could alter coal usage patterns.
- The impact of international agreements on emissions and climate change commitments.
- Growth in alternative energy sources within the Kingdom.
