Forecast: Natural Gas Final Consumption in Industry in Sweden

In 2023, the natural gas final consumption in the industry in Sweden stood at 334.65 thousand tonnes of oil equivalent. The forecasted data for 2024 to 2028 shows a very modest year-on-year increase, with values escalating from 334.8 in 2024 to 335.34 in 2028. The percentage variation year-on-year is minimal, demonstrating stability in the consumption pattern. Over the last two years, the growth in consumption has remained steady but low. The Compound Annual Growth Rate (CAGR) over the five-year period suggests a consistent but slight annual increase in consumption.

Future trends to watch for include potential impacts of regulatory changes in energy policy, advances in energy efficiency technologies in industry, and the broader economic factors that could influence natural gas demand. Additionally, shifts toward renewable energy sources and alternative fuels could alter the long-term landscape for natural gas consumption in Sweden's industrial sector.