The primary energy supply in Brazil is forecasted to increase steadily from 310.66 million tonnes of oil equivalent (Mtoe) in 2024 to 326.29 Mtoe in 2028. Compared to 2023, which stood at 306.58 Mtoe, there is a clear upward trend. The annual year-on-year growth rate over the periods of 2024 to 2025 is approximately 1.28%, 2025 to 2026 is 1.25%, 2026 to 2027 is 1.22%, and 2027 to 2028 is 1.19%. Meanwhile, the compound annual growth rate (CAGR) for the five-year period from 2023 to 2028 is around 1.24%, reflecting a consistent increase in the energy supply.
Future trends to watch for:
- Shifts in energy policies and investments in renewable energies.
- Potential economic shifts impacting energy demand.
- Technological advances in energy efficiency and production.
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