In 2023, Indonesia's coal consumption stood at 4.11 Exajoules. Over the past decade, coal consumption has shown a general upward trend, with some fluctuations. Significant upward shifts include a 22.15% increase in 2019 and a remarkable 59.35% surge in 2022, followed by a 6.19% decline in 2023. Analyzing the last two years, growth has decelerated, with a noteworthy dip in 2023.
Looking forward, the forecast for 2024 suggests a rebound, and the coal consumption is projected to continue rising through 2028. The Compound Annual Growth Rate (CAGR) over the next five years is 6.67%, with an overall growth rate of 38.11%, indicating a sustained increase in coal demand.
Key future trends to monitor include Indonesia's energy policy shifts towards renewable energy sources, global coal market dynamics, and domestic industrial demand for coal. Environmental regulations and international climate commitments will also significantly impact future coal consumption patterns.
