Forecast: Crude Oil Energy Supply in Finland

In 2023, Finland's crude oil energy supply stood at 507.68 thousand terajoules. Moving into the forecasted period, the supply is projected to increase to 512.45 thousand terajoules in 2024. Subsequent years show a consistent upward trend with values reaching 517.33 in 2025, 522.16 in 2026, 526.95 in 2027, and 531.68 in 2028 thousand terajoules.

Year-on-year variations are as follows:

• 2024: 0.94%
• 2025: 0.95%
• 2026: 0.94%
• 2027: 0.92%
• 2028: 0.90%

The compound annual growth rate (CAGR) for the period 2024-2028 is estimated at around 0.93%, indicating a steady but moderate growth trend.

Future trends to watch for include global energy market fluctuations which could impact supply chains, advancements in alternative energy sources potentially decreasing reliance on crude oil, and policy changes aiming to meet environmental goals that may affect future crude oil demand and supply.