The oil consumption in Chile was 18.56 million metric tons in 2023. Forecasts for the coming years indicate a steady increase in oil consumption: 18.78 million metric tons in 2024, 19.0 million metric tons in 2025, 19.22 million metric tons in 2026, 19.43 million metric tons in 2027, and 19.64 million metric tons in 2028.
The year-on-year variations are:
- 2023 to 2024: 1.18%
- 2024 to 2025: 1.17%
- 2025 to 2026: 1.16%
- 2026 to 2027: 1.09%
- 2027 to 2028: 1.08%
The Compound Annual Growth Rate (CAGR) for oil consumption from 2023 to 2028 is 1.17% annually.
The trend over the forecast period suggests a modest but steady increase in oil consumption in Chile. Future trends to watch for include the impact of emerging renewable energy sources, potential changes in government policies related to energy consumption, and advancements in energy efficiency technologies.