The refinery output of kerosene-type jet fuel in Finland showed significant fluctuations from 2013 to 2023, with notable declines during 2014, 2020, and increases in recent years. In 2023, the output stood at 33.25 Thousand Terajoules, reflecting a 15.18% increase from the previous year. The past two years witnessed a strong recovery post the 2020 drop, with year-on-year variations indicating a substantial rebound: a 63.81% increase in 2022 followed by 15.18% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was -0.67%, showing a moderate average year-on-year decline.
Future projections indicate a steady growth with an annual average (CAGR) increase of 1.04% expected from 2024 to 2028, culminating in a 5.33% aggregate growth over the five-year period. Monitoring demand fluctuations, advancements in fuel technology, and regulatory changes will be crucial in forecasting and strategizing for the kerosene-type jet fuel market in Finland.
