In 2023, the final consumption of hard coal in Finland stood at 134.6 thousand metric tons. The forecasted data from 2024 to 2028 indicates a steady decline in consumption. Specifically, the consumption figures are 130.7 thousand metric tons in 2024, decreasing to 117.1 thousand metric tons by 2028. Year-on-year variations show a consistent reduction, with the 2024-2025 decrease at 3.0%, the 2025-2026 fall at 2.8%, the 2026-2027 drop at 2.6%, and the 2027-2028 decline at 2.5%. Over the five-year period, the compound annual growth rate (CAGR) averages a -2.75% decrease per year.
Future trends to watch for include the impact of ongoing energy transitions towards renewable sources, potential regulatory changes aimed at reducing carbon emissions, and technological advancements in energy efficiency. These factors could further accelerate the decline in hard coal consumption in Finland.