The hydroelectricity consumption in Argentina exhibited a fluctuating trend from 2013 to 2023, peaking at 0.32 Exajoules in 2013 and declining to 0.23 Exajoules by 2023. The year-on-year variation from 2013 showcased various increases and decreases, including significant drops such as -14.98% in 2019 and -17.41% in 2021, followed by a recovery phase evidenced by a 21.08% increase in 2022. As of 2023, the consumption stood at 0.23 Exajoules, with a minimal year-on-year increase of 0.45%. The 5-year CAGR from 2018 to 2023 was -6.03%, indicating an overall decline. However, forecasts suggest a stabilization with a projected 5-year CAGR of 0.44% until 2028, leading to a modest growth rate of 2.2% over that period.
Future trends to watch for include:
- Increased investment in renewable energy sources
- Government policies targeting energy sustainability
- Impact of climate change on hydropower generation
- Technological advancements in hydroelectric power efficiency
