The Finnish market for gas oil and diesel oil (excluding the biofuel portion) exhibited varied historical performance, with fluctuations from 2013 to 2023. In 2023, the consumption stood at 3.60 million tonnes of oil equivalent. Significant fluctuations were observed particularly in 2016, with an 18.3% increase, and 2021, which saw a decline of 7.95% year-on-year. The compound annual growth rate (CAGR) over the past five years has been -2.34%. Forecasts suggest a slight declining trend with a forecasted CAGR of -0.75% over the next five years.
Future trends to watch for include:
- The impact of increasing environmental regulations and shifts towards alternative energy sources.
- Technological advancements in fuel efficiency and the potential rise in electrification of transport.
- Economic factors such as changes in industrial activity and transportation demands.