Oil Consumption — - Oil Consumption refers to the total amount of petroleum products used within a country during a given year for energy and non-energy purposes. It is typically measured in thousand barrels per day (kb/d) and represents the demand for oil-based fuels and products across the economy. The indicator includes the use of refined petroleum products such as gasoline, diesel, jet fuel, kerosene, fuel oil, and other oil-derived products consumed by transportation, industry, power generation, residential, commercial, and other sectors. Oil Consumption is a key measure of a country’s energy demand, economic activity, transportation intensity, and dependence on petroleum resources.
Measured in thousand barrels daily, the dataset serves as an important indicator of energy demand, transportation fuel consumption, industrial activity, and the performance of Chile's oil market. It enables assessment of long-term consumption patterns, market dynamics, and changes in petroleum demand across major consuming sectors, supporting analysis of the country's evolving energy landscape and economic growth.
Chile's oil consumption increased steadily from 340 thousand barrels daily in 2015 to 359 thousand in 2016, 366 thousand in 2017, 379 thousand in 2018, and 378 thousand barrels daily in 2019, reflecting strengthening domestic fuel demand. Consumption declined to 346 thousand barrels daily in 2020, primarily due to reduced transportation activity and temporary economic disruptions. Demand recovered strongly to 380 thousand barrels daily in 2021, increased further to 411 thousand in 2022, and reached 416 thousand barrels daily in 2023, the highest level during the review period. The sustained recovery highlights expanding economic activity and increasing energy requirements across transportation and industrial sectors.
Overall, the dataset demonstrates consistent long-term growth in Chile's oil consumption despite the temporary decline experienced in 2020. The record consumption level achieved in 2023 reflects resilient petroleum demand supported by economic recovery, industrial expansion, and rising transportation activity. The dataset serves as a valuable resource for monitoring oil consumption trends, evaluating energy demand, supporting market analysis, forecasting future petroleum consumption, and enabling policymakers, researchers, investors, and industry stakeholders to develop informed energy policies, infrastructure strategies, and long-term investment decisions.