The primary energy consumption in South Korea stood at 12.76 Exajoules in 2023. From 2024 onwards, the forecasted consumption values show a gradual increase; 12.93 Exajoules in 2024, 13.04 Exajoules in 2025, 13.15 Exajoules in 2026, 13.26 Exajoules in 2027, and 13.37 Exajoules in 2028. The year-on-year variation shows a steady growth trend, with the average annual growth over the next five years (CAGR) being around 0.95%.
Future trends to watch for include:
- Impact of policy changes regarding renewable energy adoption and energy efficiency improvements.
- Advancements in energy technologies and their potential influence on consumption patterns.
- Global energy market fluctuations and geopolitical factors affecting energy imports and prices.
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