The consumption of kerosene-type jet fuel in international aviation in Finland has shown notable fluctuations over the past decade. After a steady rise from 2013's 7.4 to 2019's peak of 9.77, a drastic decline occurred in 2020, plummeting to 3.3, a drop attributable to the COVID-19 pandemic. Recovery has been steady since, with a significant rise to 8.73 in 2022 and further to 10.36 in 2023. This represents a notable 18.7% increase in 2023.
Analyzing the data from the last two years and the last five-year period, the year-on-year variation for 2023 is 18.7%, while the five-year CAGR stands at 2.73%. The forecasted trend for the next five years shows a steady increase in consumption, with a forecasted CAGR of 2.08%, projecting the value to reach 11.81 by 2028.
Future trends to watch for include the integration of biofuels, changes in international travel behavior, and advancements in fuel efficiency technologies. These could significantly impact the consumption patterns of kerosene-type jet fuel.
