Forecast: Fossil Fuel Energy Consumption in Argentina

Fossil fuel energy consumption in Argentina has consistently decreased since 2013, from 88.97 units to 87.53 units in 2023. The most recent year-on-year variation was -0.068% in 2023. Over the past two years, the decline averaged around -0.069%. The five-year compound annual growth rate (CAGR) is approximately -0.071%, indicating a consistent downward trend.

Looking ahead, forecasts suggest that this trend will continue, with a projected 5-year CAGR of -0.06% and overall growth rate of -0.28% by 2028. Future trends to watch for include government policy shifts toward renewable energy, technological advancements in energy storage, and global market influences. Strategies should focus on transitioning to cleaner energy alternatives to maintain energy security and economic stability.