The historical data for Denmark’s imports of heating and other gasoil indicates significant fluctuations. From 2013 to 2016, there was a notable increase, peaking in 2016 with a 52.03% year-on-year growth. Post-2016, imports saw a general downward trend, evidenced by consistent declines in subsequent years, except for a modest recovery in 2020. The CAGR over the last five years prior to 2023 was -3.06%, reflecting a prolonged reduction in import volumes.
In 2023, the import volume stood at 1190 thousand metric tons. The forecast for 2024 through 2028 anticipates a slight, gradual decline with a forecasted 5-year CAGR of -0.26%. By 2028, imports are expected to be at 1170 thousand metric tons, indicating a stabilization around this level.
Future trends to watch for include the impact of energy transition policies, fluctuations in global oil prices, and advancements in alternative heating technologies. These factors could markedly influence Denmark's import volumes of gasoil in the coming years.
