The consumption of kerosene-type jet fuel in domestic aviation in Finland has shown significant year-on-year fluctuations from 2013 to 2023. In 2023, the consumption stood at 729.73 Gigawatthours. Over recent years, the industry saw a dramatic decline in 2020 and 2021 due to the COVID-19 pandemic. Recovery began in 2022, with a substantial bounce-back of 129.73% and a further 10.04% increase in 2023. Analyzing the Compounded Annual Growth Rate (CAGR) in the last five years reveals a slight decline of -1.97%.
Forecasts indicate a gradual decline in consumption from 2024 through 2028, with an expected 5-year CAGR of -2.3%, translating to an overall decrease of 10.97% over this period. Despite a recovery post-pandemic, sustained reductions suggest efficiency gains and possibly increased adoption of alternative fuels or more advanced aircraft.
Future trends to watch for include the impact of new environmental regulations, advancements in aircraft technology, fuel efficiency improvements, and potential transitions to alternative fuels. These factors could significantly influence the trajectory of jet fuel consumption.