Forecast: Energy Consumption in Industry in Brazil

Between 2013 and 2023, Brazil's industrial energy consumption showed a general decline, starting at 36.17 units and reaching 34.12 units in 2023. The period saw some annual variations, like significant drops in 2014 (-3.29%) and 2019 (-3.21%) and a notable increase in 2020 (+6.3%). The past two years were relatively stable with minimal declines of -0.12% each year. Over the last five years, the compound annual growth rate (CAGR) was slightly positive at +0.29%, indicating some stabilization.

Looking forward from 2024, the forecasted data suggests a continuing slight decline in energy consumption, hitting 33.92 units by 2028. This forecasted decline reflects a modest negative CAGR of -0.09% over the next five years. The focus will be on whether this trend aligns with Brazil's industrial growth and energy efficiency improvements.

Future trends to watch for include:

• Government policies on energy efficiency and renewable energy incentives.
• Economic growth rates influencing industrial output and energy needs.
• Technological advancements in energy-efficient industrial processes.
• Global energy price fluctuations affecting local energy consumption patterns.