The closing stock of kerosene-type jet fuel in Finland has experienced notable fluctuations over the past decade. From a peak of 52.0 thousand metric tons in 2013, the stock decreased significantly to 41.0 thousand metric tons by 2016, marking a consistent downward trend. However, the stock experienced substantial variability thereafter, spiking to 63.0 thousand metric tons in 2020, followed by a dramatic drop to 26.0 thousand metric tons in 2021. As of 2023, the closing stock stabilized at 45.0 thousand metric tons, and projected data indicates a stable trend at this level through 2028.
Year-on-year changes over the last two years were stabilization, with 0% variation in 2023. Over the past 5 years, the compound annual growth rate (CAGR) averaged -3.22%. Looking forward, from 2024 to 2028, the forecast indicates no growth, predicting a flat 0% CAGR over this period.
Future trends to watch for:• Monitoring potential market disruptions or supply chain issues that could impact fuel stock. • Observing policy changes, especially those related to green energy and emissions, which could influence the demand for kerosene-type jet fuel.• Keeping an eye on advancements in alternative fuels and their adoption rates in aviation, which could significantly shift fuel storage needs.
