From 2013 to 2023, the fuel oil final consumption in Sweden's non-metallic minerals sector exhibited fluctuations, with a notable decrease in 2014 followed by subsequent recovery steps. By 2023, consumption stood at 222.31 Gigawatthours, reflecting a -5.78% year-on-year decrease. The period between 2018 and 2023 saw a gradual decrease in year-on-year percentage variances, culminating in a five-year CAGR of -0.88%.
Looking ahead, the forecast indicates a continuing downward trend through 2028, with a projected five-year CAGR of -5.65%. This suggests a significant decline in fuel oil consumption, potentially driven by increased energy efficiency and a shift towards more sustainable energy resources. Key future trends to monitor include advancements in energy technologies, policy shifts towards decarbonization, and sector-specific innovations that may further impact fuel oil usage dynamics in Sweden’s non-metallic minerals industry.