The historical data on hydroelectricity consumption in the Middle East reveals a volatile trend. The consumption stood at 0.22 Exajoules in 2023, showing substantial fluctuations over the past decade. From 2013 to 2023, the year-on-year variation ranged from a significant increase of 215.57% in 2019 to a dramatic decrease of 38.38% in 2018. The last two years saw mixed results with 2022 experiencing a decline of 37.97%, followed by a strong recovery in 2023 with an increase of 87.07%. The 5-year CAGR leading up to 2023 was relatively modest at 12.21%, indicating periods of both growth and decline.
Looking ahead, the forecasted data from 2024 to 2028 shows a stabilization trend, with the consumption expected to plateau at 0.22 Exajoules annually. The forecasted 5-year CAGR for this period is 0.36%, pointing to minimal growth and suggesting a phase of steady consumption. Key trends to monitor include geopolitical developments, technological advancements in renewable energy, and government policies that could impact the hydroelectric power sector’s growth trajectory in the Middle East.
