Oil products' closing stock in Finland experienced fluctuations with some levels of notable changes over the years. Observing the trends from 2013 to 2023, it started at 3.53 million metric tons in 2013 and dipped to lower values before spiking notably by 13.49% to 3.45 million metric tons in 2020. By 2023, the oil products closing stock slightly increased to 3.46 million metric tons, showing a modest 1.44% year-on-year growth. The compound annual growth rate (CAGR) over the last five years suggests a steady albeit slow growth rate of 1.2% annually.
Moving forward, the forecast predicts continued incremental growth. From 2024 to 2028, data estimates an average yearly growth (CAGR) of 1.05%, culminating in a closing stock of 3.7 million metric tons in 2028. The expected 5.35% total growth over this period indicates a stable, gradual rise.
Future trends to watch for include potential shifts due to energy market developments, any moves towards alternative energy sources, and geopolitical influences that may impact oil supply and demand. Additionally, regulatory changes and technological advancements could further shape the available stock levels and trends.
