The exports of oil products from Sweden saw a considerable growth from 2013 to 2017, with a notable peak in 2017 at 16.81 million metric tons. However, there was a decline in 2018, followed by a significant drop in 2019. Despite a slight recovery from 2020 to 2023, the growth remained modest, reaching 11.8 million metric tons in 2023. The year-on-year variations over the last two years were minor, with a 0.71% increase in 2023 and a 0.73% increase in 2022. The average annual decline over the last five years (CAGR) stands at -5.78%.
The forecasted data indicates a slow yet steady increase in exports, with a projected CAGR of 0.53% from 2024 to 2028. The total export volume is expected to reach 12.2 million metric tons by 2028, representing a growth rate of 2.65% over this period.
Future trends to watch for include global shifts in energy demand, advances in alternative energy technology, geopolitical influences on oil markets, and Sweden's domestic energy policies. Monitoring these factors will be crucial for accurately forecasting future exports and market dynamics.
