Forecast: Energy Consumption in Transport in Saudi Arabia

The energy consumption in the transport sector in Saudi Arabia saw fluctuations between 2013 and 2023, with a peak consumption of 29.32 units in 2016, and a steady decline thereafter, standing at 26.87 units in 2023. Year-on-year variations over the last two years show a slight decrease of 0.26% between 2022 and 2023. The average growth rate per year over the last five years (CAGR) was a negative 1.27%, reflecting a consistent downward trend.

Looking forward, the forecast from 2024 to 2028 shows a continued decrease in energy consumption, with a forecasted CAGR of -0.17%, indicating a slight but steady decline. Important future trends to observe include the impact of evolving transportation technologies, government policies promoting energy efficiency, and shifts towards renewable energy sources, which could further influence consumption patterns.