Double Digit Rise in Energy Consumption Confirms Pakistan's Economic Recovery in 2021
Oil consumption in Pakistan jumped 19% to 20.8 million tons in 2021, a strong indication of the country's economic recovery from the COVID-impacted 2020. In addition to oil, Pakistanis also consumed nearly 4 billion cubic foot of natural gas every day. Energy is fundamental to the functioning of any economy.
|Pakistan Oil Consumption. Source: Arif Habib|
|Pakistan LNG Imports 2017-2021 in million tons|
|Pakistan Natural Gas Consumption in Billion Cubic Feet Per Day|
|Pakistan Auto Sales. Source: Arif Habib|
Motorcycle sales in the first 9 months of CY 2-21 were 1.4 million units, up 37.5% vs the 2020 and 13.0% vs the 2019. Atlas Honda dominated the motorcycle market with sales up 52.2%. Soaring cement consumption, rising auto sales and double digit increase in energy consumption in Pakistan in 2021 confirm that Pakistan's recovery from the COVID-induced slump is well underway.