Energy consumption in Thailand’s industry saw fluctuating patterns from 2013 to 2023. In 2013, consumption decreased by 3.58%, but by 2014, it had increased by 6.25%. The following years observed modest growth with a CAGR around 0.88% until 2019. Post-2019, there was slight annual variation, with a notable decline in 2020 (-1.34%) due to potential macroeconomic disruptions. Stabilization followed from 2021 to 2023, with minimal year-on-year change, and 2023 consumption stood at 32.4 units. Looking ahead to 2028, the forecast indicates stagnant energy consumption with zero annual growth.
Future trends to watch for:
- Technological advancements in energy efficiency.- Regulatory changes promoting sustainable practices.- Macroeconomic factors affecting industrial outputs.
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