Forecast: Imports of Natural Gas in Sweden

Between 2013 and 2023, Sweden's natural gas imports exhibited notable variability, ending at 13.2 Thousand Gigawatthours in 2023. Significant fluctuations include a peak in 2020, driven by a 32.14% year-on-year increase, and a notable decline in 2021 with a -17.36% change. The compounded annual growth rate (CAGR) over the past five years stood at 1.84%, signaling moderate overall growth.

Looking forward, forecasts suggest a steady rise in imports, reaching 14.13 Thousand Gigawatthours by 2028, reflecting a forecasted five-year CAGR of 1.08%. Noteworthy trends include:

  • Consistent year-on-year increases from 2021 onwards.
  • A gradual annual rise of approximately 1.08%, leading to a 5.54% growth over five years.

Future trends to watch for include market responses to renewable energy policies, potential geopolitical impacts on supply, and advancements in energy storage and efficiency technologies.

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