The coal consumption in the UAE has seen fluctuations between 2013 and 2023, starting at 0.074 Exajoules in 2013 and gradually increasing to 0.11 Exajoules in 2023. Over the past ten years, the highest year-on-year growth was in 2013 at 27.59%, and the most significant decline was in 2015 at -13.25%. Between 2021 and 2023, the coal consumption increased by 11.24% in 2021 and 4.04% in 2022, finishing with a 3.88% rise in 2023.
The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) was 5.99%, indicating consistent growth in consumption. However, the forecast for the next five years (2024-2028) suggests a deceleration, with a forecasted CAGR of 2.89% and an overall growth rate of 15.32%.
Future trends to watch for include:
- **Shifts towards renewable energy sources**: As global emphasis on reducing carbon footprints grows, the UAE might invest more in renewable resources.- **Technological advancements**: Improvements in energy efficiency and cleaner coal technologies could impact consumption patterns.- **Policy changes**: International agreements and local regulations could play a significant role in shaping coal demand in the coming years.
