From 2013 to 2023, Sweden's import of liquefied natural gas (LNG) saw significant growth, with the volume rising from 21.24 million kilograms to 320.9 million kilograms. The Compound Annual Growth Rate (CAGR) over the last five years leading up to 2023 was 5.18%, indicating steady growth despite fluctuations over the years. Year-on-year variation was particularly notable in 2014 with an increase of 411.98%, whereas 2023 saw a more modest growth of 5.07%. Notably, 2020 experienced a decrease of 11.69% compared to the previous year, but the trend resumed positive growth thereafter.
Looking forward, the forecast from 2024 to 2028 continues to show a growth trend, with an expected CAGR of 3.54%. The import volume by 2028 is projected to reach 400.9 million kilograms, reflecting a total projected growth rate of 19.01% over these five years.
Future trends to watch for include:
• Increased focus on sustainable energy sources and its impact on LNG import volumes.
• Potential geopolitical fluctuations affecting LNG supply and pricing.
• Technological advancements in LNG storage and transportation efficiency.
