Forecast: Crude Oil Energy Supply in Sweden

The crude oil energy supply in Sweden for 2024 is forecasted at 741.32 thousand terajoules, down from its actual value of 750 thousand terajoules in 2023. This represents a slight year-on-year decrease. In subsequent years, there is a consistent decline, with values falling to 734.58 thousand terajoules in 2025, 727.9 thousand terajoules in 2026, 721.3 thousand terajoules in 2027, and 714.76 thousand terajoules in 2028. Analyzing the variations over the forecasted period depicts a steady year-on-year decline, averaging a small percentage decrease annually. The Compound Annual Growth Rate (CAGR) over these five years suggests a gradual reduction in crude oil energy supply.

Future trends to watch for include the potential impact of renewable energy policies, advancements in energy efficiency, and international crude oil market fluctuations. Policies focusing on reducing carbon footprints and promoting electrification of transportation could further accelerate the decrease in crude oil demand. Additionally, economic factors and geopolitical developments could introduce variability in the crude oil supply forecast.