The motor gasoline refinery output (excluding biofuel) in Finland stood at 158.25 thousand terajoules in 2023. Based on the historical data, there was a general downward trend since 2019, with a notable year-on-year decline of 21.79% in 2021. The output fluctuated significantly over the past decade, as seen in the positive variations in 2016 and 2017, and the declines in 2015, 2020, and 2021.
Looking forward, forecasted data suggests a continuing slight decline in output, with a five-year CAGR of -0.73% projected through to 2028. Year-on-year decreases are expected every year from 2024 to 2028, indicating a steady but gradual reduction in refinery output.
Future trends to watch for:
- Technological advancements in biofuel production and its impact on traditional gasoline demand.
- Policy changes and environmental regulations influencing refinery operations.
- Fluctuations in international crude oil prices affecting refinery economics.