The final consumption of natural gas in Sweden's chemical and petrochemical sector experienced a significant increase from 2013 to 2015, reaching a peak in 2015. However, there was a subsequent decline in 2016 and a more dramatic drop in 2017. After 2017, the sector saw a gradual but inconsistent recovery with year-on-year variations, reflecting both gains and reductions over the subsequent years. In 2023, the consumption stood at 1090 Gigawatthours, showing a minor decrease of 0.54% from the previous year and a CAGR of 7.12% over the last five years.
Looking forward, the forecast data from 2024 to 2028 indicates a stable yet slightly declining trend in natural gas consumption, with a predicted 5-year CAGR of -0.42%. This suggests that while the sector may stabilize, it is expected to see a minimal decrease in natural gas consumption.
Future trends to watch for include potential impacts of stricter environmental regulations, advancements in alternative energy sources, and industry shifts towards more sustainable practices which could influence the sector's reliance on natural gas.