The Total Primary Energy Supply (TPES) in South Korea is projected to experience marginal increases from 2024 to 2028, starting from 278.16 Million Tonnes of Oil Equivalent (MTOE) in 2024 and reaching 278.99 MTOE in 2028. The year-on-year variations are minimal, indicating a relatively stable energy supply landscape. Compared to 2023, the values show a slight growth pattern. Specifically, over the past two years and gauged from 2023, the trends indicate minor increases yearly but maintain a stable trajectory.
The Compound Annual Growth Rate (CAGR) over the next five years is expected to be modest, suggesting annual average growth. This steady rise reflects cautious energy consumption and supply management, indicative of a stable but slightly upward-trending energy market.
Looking ahead, critical trends to monitor include the impact of renewable energy integration, technological advancements in energy efficiency, and government policies aimed at carbon reduction commitments. These factors may significantly influence the TPES dynamics beyond 2028.
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