The crude oil energy supply in Finland has shown fluctuations over the past decade, peaking at 12.25 Million Tonnes Of Oil Equivalent in 2019 and experiencing a significant drop to 8.1 in 2021. In 2023, the value was 12.12. The year-on-year variations depict volatility, with notable decreases in 2015 and 2021 and substantial increases in 2022 and 2016. The CAGR over the last five years is 0.68%, indicating a mild upward trend.
Forecasts from 2024 onwards suggest a steady increase in the crude oil energy supply, with an average annual growth (CAGR) of 0.74% and a cumulative growth of 3.75% by 2028.
Future trends to watch for:
- Potential impacts of global oil prices on local supply.
- Government policies promoting renewable energy sources.
- Technological advancements in energy efficiency and alternative fuels.
