The liquefied petroleum gases refinery output in Sweden exhibited some fluctuations over the past decade, marked by peaks and troughs. The output saw a significant peak in 2016 at 6.32 TWh, followed by a notable decline in 2017 to 5.38 TWh. A substantial recovery occurred in 2018, reaching 6.38 TWh, albeit followed by another dip in 2019 and 2020. The year 2021 marked a significant upsurge to 8.01 TWh, subsequently stabilizing around 5.9 to 6.09 TWh from 2022 and into 2023.
In terms of year-on-year variation, the refinery output in 2023 stood at 6.09 TWh, registering a modest increase of 3.33% compared to 2022. Over the last two years, this represents a stabilization post the significant peak of 2021. The compound annual growth rate (CAGR) over the last five years shows a slight decline of -0.92% from 2018 to 2023.
Looking into the forecast for 2024 to 2028, the output is expected to grow moderately, with a 5-year CAGR projected at 0.92% and a total growth of 4.67%. By 2028, the output is anticipated to increase to 6.46 TWh.
Future trends to watch for include:
- Potential shifts in energy policy and regulations in Sweden that could impact refinery output.- Technological advancements in refinery processes that increase efficiency.- Fluctuations in global demand for liquefied petroleum gases.- Environmental concerns and the market's move towards renewable energy sources.
