Forecast: Primary Energy Consumption in Argentina

Based on the data provided, Argentina's primary energy consumption stood at 3.64 Exajoules in 2023. From 2013 to 2023, the consumption showed varied trends with intermittent growth and declines; a notable decrease occurred in 2019 and 2020, followed by a significant recovery in 2021. The five-year CAGR from 2018 to 2023 was 0.54%, indicating a modest average growth rate per year. Year-on-year variations were larger during crisis years, while more recent years showed stabilization.

Looking forward, the forecast up to 2028 suggests a gradual increase in primary energy consumption, with a five-year forecasted CAGR of 0.76%, summing up to an overall growth rate of 3.84% by 2028. Key trends to watch include the adoption of renewable energy sources, energy efficiency improvements, and policy shifts in response to environmental concerns.