The actual imports of Natural Gas Liquids to Finland have exhibited significant variability over the past 11 years, with values fluctuating between roughly 580 and 1440 Thousand Tonnes Of Oil Equivalent. As of 2023, the imports stood at approximately 642.13 Thousand Tonnes Of Oil Equivalent.
Year-on-year variations reveal notable trends:- A sharp decline in 2013 and 2014, followed by substantial growth in 2015 and 2016.- A remarkable surge in 2017, reaching peak imports.- A subsequent decrease in 2018 and a dramatic drop in 2019.- Partial recovery in 2020 and a slight decline in 2021, with minor growth in 2022 and 2023.
Over the past five years, the Compound Annual Growth Rate (CAGR) shows an overall decline of -12.47%. However, the forecast from 2024 to 2028 indicates a stabilization and slight growth, with an average annual increase of 0.59%.
Future trends to watch for:
- The geopolitical landscape and its impact on energy imports and supply routes.- Advances in renewable energy sources potentially reducing reliance on natural gas liquids.- Domestic policy changes regarding energy sourcing and consumption.- Global market prices and international trade agreements influencing import levels.
