Forecast: Primary Energy Consumption in Turkey

Turkey's primary energy consumption stood at 7.20 Exajoules in 2023. From 2024 to 2028, projections show an increase from 7.38 Exajoules to 8.07 Exajoules, indicating a progressive growth year-on-year. Specifically, the consumption is expected to rise by approximately 2.4% in 2024, 2.4% in 2025, 2.3% in 2026, 2.2% in 2027, and 2.1% in 2028. Over the five-year period, the Compound Annual Growth Rate (CAGR) is projected at 2.28%, highlighting a steady upward trend in energy consumption.

**Future Trends to Watch For:**

- **Renewable Energy Adoption:** Increased investment and policies favoring renewable energy could alter consumption patterns significantly.

- **Energy Efficiency Measures:** Advances in technology and stricter efficiency standards may slow the growth rate of energy consumption.

- **Economic Growth and Industrialization:** Continued economic expansion could drive higher energy demands, particularly in industrial sectors.

- **Geopolitical Factors:** Energy imports and trade relations could influence Turkey's energy landscape.