Forecast: Imports of Oil Products from All Countries to Finland

The imports of oil products to Finland have experienced fluctuations over the past decade. In 2023, the volume stood at 5.46 Million Metric Tons. Year-on-year changes show a general decline from 2013's peak at a 29.86% increase through some contraction phases until 2018. Thereafter, from 2019 to 2022, the import volumes generally stabilized with variations within 8.06% to 0.74%. In recent years, the imports showed a slight increase of 0.7% in 2023. The compound annual growth rate (CAGR) over the last five years indicates an average yearly change of about 2.54%.

Future trends to watch for include:

• A projected modest increase in imports, growing at an average 5-year CAGR of 0.54% from 2024 to 2028.
• Annual forecasted increases in import volumes, reaching 5.64 Million Metric Tons by 2028.
• Potential impacts from global oil market fluctuations, and shifts in energy policy and consumption patterns in Finland.