Forecast: Primary Energy Supply in Malaysia

The primary energy supply in Malaysia experienced varying growth rates from 2013 to 2023. The values fluctuated, with significant increases in some years, such as 2013 and 2018, and declines in others, like 2015 and 2017. As of 2023, the primary energy supply stood at 102.4 million tonnes of oil equivalent, representing a modest year-on-year increase of 2.01%. Over the past five years, it showed an average growth (CAGR) of 1.85%, indicating overall stability with gradual increments.

From 2024 onward, forecasted data suggests a steady growth trajectory, with an anticipated annual growth rate of 1.45% and an overall increase of 7.44% over the next five years, reaching 112.18 million tonnes of oil equivalent by 2028.

Future trends to watch for:

• Impact of renewable energy integration and governmental policies on energy supply.
• Technological advancements affecting energy production efficiency.
• Global economic factors influencing energy demand and supply in Malaysia.