The crude oil energy supply in Sweden has seen several fluctuations over the past decade. From 2013 to 2018, the supply generally increased, reaching a peak of 235.51 Thousand Gigawatthours in 2018. However, the supply significantly dropped in 2019 by 18.67%. Following this dip, the values showed a modest recovery and some oscillations until 2022. In 2023, the supply stood at 207.81 Thousand Gigawatthours, marking a slight decrease compared to 2022 with a year-on-year variation of -0.91%.
The five-year compound annual growth rate (CAGR) leading up to 2023 was -2.47%, indicating an overall decline. Forecasts suggest a continuing downward trend with a forecasted five-year CAGR of -0.73%, leading to an estimated supply of 198.54 Thousand Gigawatthours by 2028, highlighting a further cumulative reduction of 3.58% over this period.
Future trends to watch for include the global shift towards renewable energy sources, which may further impact crude oil supply. Policy changes, technological advancements in alternative energies, and potential geopolitical events are also critical factors that could influence these projections.
