Forecast: Fossil Fuel Energy Consumption in Mexico

In 2023, fossil fuel energy consumption in Mexico stood at 91.16 units, reflecting a year-on-year increase of 0.088%. Over the last two years, the year-on-year variation has slightly decreased, with 0.09% in 2022 and 0.092% in 2021. The Compound Annual Growth Rate (CAGR) over the past five years has been relatively steady, registering at 0.092% in 2023 compared to the previous year’s 0.094%. Looking ahead, the forecast indicates a gradual rise in energy consumption, with a 5-year CAGR projected at 0.07%, and a total growth rate of 0.33% by 2028.

Future trends to watch for include the impact of governmental policies promoting renewable energy, technological advancements in energy efficiency, and potential fluctuations in global energy prices. Sustainable practices and innovations could significantly alter the future landscape of energy consumption in Mexico.