In 2023, the final consumption of gas oil and diesel oil (excluding biofuel portion) in the construction sector in Finland stood at 373.5 thousand tonnes of oil equivalent. The consumption trends over the past two years showed a year-on-year increase of 1.56% in 2023 and 1.63% in 2022. The compound annual growth rate (CAGR) over the last five years was 0.9%, indicating a steady yet modest increase.
From a longer-term perspective, there's been a significant fluctuation in annual consumption. After a decline between 2013 to 2015, the consumption picked up from 2016 onwards, peaking notably in 2020. The forecast indicates a continued upward trend with a 5-year CAGR of 1.07%, projecting a 5.45% growth rate by 2028.
Future trends to watch for include the impact of ongoing advancements in fuel efficiency technologies, the potential rise in biofuel integration, and regulatory changes influencing fuel consumption patterns within the construction sector. Additionally, economic factors and industry growth will play crucial roles in shaping these consumption trends.