Forecast: Fossil Energy Energy Supply in Sweden

Between 2013 and 2023, the fossil energy supply in Sweden has shown fluctuations with a generally declining trend. The value in 2023 stood at 13.32 Million Tonnes Of Oil Equivalent, representing a slight year-on-year increase of 1.18%. The compound annual growth rate (CAGR) over the last five years has been -1.86%. Over the decade, occasional increases were observed, such as in 2016 (12.82%) and 2018 (8.07%), but overall, the trend remained downward.

For the future, the decline is expected to continue at a slower pace. From 2024 onwards, the fossil energy supply is forecasted to continuously decrease, reflecting a 5-year CAGR of -0.81% and an overall 5-year growth rate of -3.98% by 2028.

Future trends to watch for include:

• Advancements in renewable energy technologies that could further diminish fossil energy reliance.
• Government policies and regulations aimed at reducing carbon emissions.
• Global energy market dynamics influencing fossil energy prices and supply.