Global Energy Consumption in Industry by Country

In 2023, Equatorial Guinea led global energy consumption in industry sectors with 81.14% of total energy usage, showing a modest growth of 0.53% year-on-year. Other notable increases were seen in Gabon and Vietnam with year-on-year rises of 0.93% and 4.47%, respectively. On the contrary, countries such as Jamaica, Kazakhstan, and Kenya saw significant decreases, with Jamaica experiencing the most considerable drop at -6.1%. Over the last five years, emerging markets like Indonesia, Uganda, and Benin have shown tremendous growth, indicating escalating industrial activities and energy demand. Conversely, countries like Venezuela and Angola have faced substantial reductions.

Looking forward, key trends to monitor include the increasing energy demands from developing economies, particularly in Africa and Southeast Asia, driven by rapid industrial growth. Conversely, developed nations may focus on efficiency and green energy transitions, potentially leading to decreased industrial energy consumption.