Analyzing the final consumption of natural gas in the chemical and petrochemical sector in Finland from 2013 to 2023 reveals significant fluctuations. Starting at 632.69 terajoules in 2013, consumption varied widely, reaching a peak of 2900 terajoules in 2018, before fluctuating and stabilizing around 2400-2440 terajoules from 2019 to 2023.
Year-on-year variations were particularly notable in the early years, with substantial increases in 2016 (69.89%) and 2017 (98.58%), followed by more moderate adjustments. The compound annual growth rate (CAGR) over the last 5 years leading to 2023 was -3.45%, indicating a slight decline over this period.
Future trends to watch for:
- From 2024 to 2028, consumption is forecasted to modestly grow, indicated by a forecasted 5-year CAGR of 0.69%.
- Overall, a 3.52% growth rate is expected over these years, suggesting a stable demand with slight increases.
- Key factors influencing future trends will include advancements in energy efficiency, regulatory changes, and shifts toward alternative energy sources.