Finland's hard coal imports have shown a decreasing trend from 2013 through 2023. In 2023, Finland's hard coal imports stood at 2.88 million metric tons. Over the past decade, we observe fluctuations with significant drops, particularly between 2014-2015 and 2018-2021. In the recent period, while there was a brief recovery in 2022 with a 40.24% increase, 2023 saw a decline of 4.67%. The average annual decline in hard coal imports over the last five years (CAGR) has been 6.45%.
Future trends indicate a continued decrease in imports, with forecasted values showing a steady decline, averaging a 10.52% annual decrease from 2024 to 2028. By 2028, imports are expected to drop by 42.63% from 2023 levels.
Future trends to watch for include:
- Transition to renewable energy sources, affecting coal demand.
- Regulatory changes aimed at reducing carbon emissions.
- Technological advancements in energy efficiency and alternative energy.
- Economic factors influencing energy consumption patterns.
