The imports of oil products to Denmark displayed notable fluctuation over the historical period. In 2013, imports stood at 7.26 million metric tons, progressing to 7.54 million metric tons by 2023. The year-on-year variation exhibits considerable volatility, with the largest negative change of -40.01% in 2017 and periods of significant growth such as in 2015 with a 21.56% increase. Over the last two years, imports displayed modest growth, with a 1.25% increase in 2023.
The compound annual growth rate (CAGR) from 2013 to 2023 stands at an average of 4.58%. Forecasts from 2024 onward predict a gradual uptick in import volumes, reaching 7.99 million metric tons by 2028, with a future CAGR of 0.93% over the next five years.
Future trends to watch for include potential shifts in global oil prices, Denmark's evolving energy policies towards renewables, and geopolitical factors affecting oil production and supply chains. Additionally, technological advances and policy measures aimed at reducing fossil fuel reliance will likely influence import trends going forward.
