The imports of Natural Gas Liquids (NGL) to Finland varied significantly over the past decade, commencing from 688 thousand metric tons in 2013 to 717 thousand metric tons in 2023—a 4.21% increase over the latest year. Marked fluctuations include an extraordinary rise of 51.22% in 2017 followed by a sharp dip of 53.83% in 2019. Each subsequent year saw inconsistent movement with minor increment and decrement thereafter. The Compound Annual Growth Rate (CAGR) over the last 5 years indicates a -9.62% decline, showing a sluggish recovery trend.
Future forecasts predict a moderate annual CAGR of 2.2% from 2023 to 2028, suggesting Finland's imports of NGL might stabilize and grow to 824 thousand metric tons. This growth demonstrates signs of gradual recovery and stability in natural gas imports.
Future trends to watch for:
- Volatility in global natural gas prices due to geopolitical events.
- EU policies and regulations impacting natural gas imports and sustainability measures.
- The shift towards renewable energy sources affecting the import volume of NGLs.
