In 2023, the fossil fuels energy trade balance for Switzerland stood at 12.64 Million Metric Tons. The forecasted values show a consistent year-on-year decrease: 12.27 (-2.93%) in 2024, 11.89 (-3.10%) in 2025, 11.52 (-3.11%) in 2026, 11.15 (-3.21%) in 2027, and 10.79 (-3.23%) in 2028. This downward trend highlights a continuous decline over the five-year period with a compound annual growth rate (CAGR) of approximately -3.12%.
Future Trends to Watch For:
Several factors could influence these trends in the coming years. Important considerations include advancements in renewable energy technologies, government policies aimed at reducing carbon emissions, and global energy price fluctuations. Monitoring developments in these areas will provide insights into the future trajectory of Switzerland's fossil fuel trade balance.