Finland's sulfur production at petroleum refineries remained steady at 130 thousand metric tons from 2013 to 2019. However, 2020 saw a notable decrease of 15.08%, dropping to 110.39 thousand metric tons. The production rebounded in 2021 with a 22.29% increase, followed by moderate year-on-year growth rates of 1.48% in 2022 and 1.46% in 2023, reaching 139 thousand metric tons in 2023. The five-year CAGR leading up to 2023 was 1.35%, indicating a steady recovery and growth trend after the 2020 drop.
Future trends to watch for include:
- A projected continuous growth in sulfur production with a five-year CAGR of 1.08%, reaching 148.83 thousand metric tons by 2028.
- Potential impacts of environmental regulations and technological advancements in refining processes on production volumes.
- Global market demand for sulfur and related products, influencing production strategies and capacity adjustments.