The data on primary solid biofuels imports to Sweden from 2013 to 2023 highlights significant fluctuations. In 2013, imports stood at 12.11 Thousand Terajoules, marking a 43.08% increase year-on-year. However, imports saw a steep decline in the following years, reaching their lowest point of 2.14 Thousand Terajoules in 2020. This period was characterized by sharp year-on-year declines, with the largest being a 71.49% drop in 2020. Recent years have shown a recovery, with imports climbing to 7.5 Thousand Terajoules in 2023, noting a 16.69% year-on-year increase. The Compound Annual Growth Rate (CAGR) over the last five years indicates the slight average annual variation of 2.39%.
Based on forecasts, imports are expected to stabilize around 7.5 Thousand Terajoules from 2024 onwards, with a minimal five-year CAGR of 0.01%. This suggests a period of stabilization rather than significant growth or decline.
Future trends to watch for include:
- Technological advancements in biofuel production that could impact import volumes.
- Policy changes in Sweden regarding renewable energy which could affect biofuel demand.
- Global market conditions affecting supply chains and import prices.
