Forecast: Energy Consumption in Transport in Malaysia

Between 2013 and 2015, energy consumption in transport in Malaysia saw an initial uptick, peaking in 2014 at 42.68 units before dipping by 2.76% in 2015. From 2015 to 2017, there was a notable decline, culminating in a 12.07% drop in 2017. This downward trend stabilized slightly with marginal year-on-year fluctuations, eventually plateauing from 2019 to 2023 at 34.29 units. The annual compound growth rate (CAGR) for the period 2017 to 2022 highlighted the variability, reflecting a -0.1% rate by 2022.

Looking beyond 2023, forecast data for 2024 to 2028 indicates zero variation in energy consumption, remaining constant at 34.29 units. This suggests a potential stagnation in the sector unless influenced by external factors.

Key future trends to watch for include:

• Innovations in fuel efficiency and alternative energy sources

• Government policies promoting sustainable transport

• Economic factors affecting transport demand