The import of gas oil and diesel oil to Sweden has exhibited significant fluctuations over the past decade. From 2013 to 2023, the annual import volume grew from 2.17 million metric tons to 3.17 million metric tons, showing an overall upward trend. Key years like 2016 and 2020 saw substantial spikes of 19.82% and 29.04% year-on-year growth, respectively, while 2017 and 2018 experienced declines of -5.79% and -22.27%, respectively. The Compound Annual Growth Rate (CAGR) over the last five years, excluding forecasts, was 6.95%. Looking forward, imports are forecasted to continue rising, reaching 3.58 million metric tons by 2028 with an estimated five-year CAGR of 1.96%.
Future trends to watch for:
- Potential impact of green energy initiatives on the import of fossil fuels.
- Regulatory changes in the European Union affecting oil trade.
- Market volatility influenced by geopolitical events and global oil prices.
