Forecast: Coal Consumption in Mexico

Coal consumption in Mexico stood at 0.25 Exajoules in 2023, marking a minor year-on-year increase of 0.4% from 2022. Over the past decade, coal consumption has exhibited significant fluctuations, peaking in 2017 before experiencing a dramatic decline in 2020. This was followed by a slight recovery post-2021. The average annual change for the past 5 years reported a decline of -14.97%, illustrating a clear downward trend over the recent period.

Forecasts from 2024 to 2028 indicate a relatively stabilized consumption pattern, with an average annual growth rate of 0.55% and an overall growth rate of 2.76%. This suggests a cautious but slow recovery in coal utilization, showing modest incremental annual increases.

Future trends to watch for:

• Shift towards renewable energy sources and how it impacts coal consumption.
• Government policies and international agreements influencing fossil fuel usage.
• Technological advancements in cleaner coal and carbon capture methods.