The historical data reveals fluctuations and a general upward trend in Finland's petroleum coke energy supply from 2013 to 2023. The value peaked in 2014 with a significant year-on-year increase of 108.55% but experienced notable variability in subsequent years. This variability is highlighted by a decreasing trend from 2019 to 2019, with substantial growth again from 2020 to 2021, followed by a decrease in 2022 and stability into 2023, where the supply stood at 568.8 Gigawatthours.
Over the last two years (2022-2023), the year-on-year variation indicates a slight decrease of 0.024% in 2023 after a more considerable drop of 20.61% in 2022. The last five years show a modest Compound Annual Growth Rate (CAGR) of 4.09%, reflecting a steadier phase compared to the wild annual swings observed in the earlier period.
The forecasted data from 2024 to 2028 suggest a stabilization with a minor downward trend, evidenced by a forecast five-year CAGR of -0.02%. This indicates that the energy supply levels are expected to remain relatively stable but with a slight overall decrease.
Future trends to watch for:
- Regulatory changes impacting the petroleum coke market in Europe.
- Technological advancements in renewable energy that could reduce dependence on petroleum coke.
- Global petroleum market fluctuations and their knock-on effects on Finland’s energy imports.
