The opening stock of oil products in Denmark has shown significant variation over the past years, standing at 3.64 million metric tons in 2023. Between 2013 and 2019, the stock levels experienced fluctuating growth and decline, with noteworthy increases in 2016 and 2020, and notable declines in 2018 and 2019. The last two years saw modest growth with year-on-year variations of 0.6% in 2022 and 0.74% in 2023. Over the last five years, the compound annual growth rate (CAGR) was 7.59%, indicating a general rising trend.
Future trends worth monitoring include:
-The forecasted steady increase reaching 3.77 million metric tons by 2028.
-An average annual growth rate of 0.56% from 2024 to 2028.
-Potential factors influencing these trends such as regulatory changes, technological advancements in energy, and market shifts in global oil demand.
