Based on the data, the Primary Energy Supply in Australia is expected to grow steadily. Here are the forecasted values provided in Million Tonnes Of Oil Equivalent (MTOE): 2024 - 132.17, 2025 - 132.83, 2026 - 133.47, 2027 - 134.09, 2028 - 134.68.
Year-on-Year Variations
- 2025: {(132.83 - 132.17) / 132.17 * 100 = 0.50%}
- 2026: {(133.47 - 132.83) / 132.83 * 100 = 0.48%}
- 2027: {(134.09 - 133.47) / 133.47 * 100 = 0.46%}
- 2028: {(134.68 - 134.09) / 134.09 * 100 = 0.44%}
Compound Annual Growth Rate (CAGR)
The CAGR over the forecast period from 2024 to 2028 is estimated at approximately 0.47%.
Future Trends to Watch
Future trends to watch include the impact of renewable energy integration, government policies on energy efficiency, and advancements in energy storage technology. These factors may significantly influence the primary energy supply dynamics in Australia.
