In 2023, coal consumption in Malaysia stood at 1 Exajoule. Forecasted data from 2024 to 2028 show a consistent increase in coal consumption, progressing from 1 Exajoule in 2024 to 1.07 Exajoules in 2028. The year-on-year percentage variations are modest but exhibit a steady growth trajectory: 1% in 2025, 1.98% in 2026, 1.94% in 2027, and 1.9% in 2028. Over the last five years, the compound annual growth rate (CAGR) stands at approximately 1.5%, indicating a gradual increase in coal consumption annually.
Future trends to watch for include potential shifts in energy policy towards renewable sources, advancements in clean coal technologies, and economic factors affecting energy demand. Monitoring global market dynamics and domestic energy policies will be crucial in understanding and predicting future coal consumption patterns in Malaysia.
