Oil & Gas in Finland
Summary
Oil & Gas in Finland industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The oil and gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas by end-users in each country. The value of the oil segment reflects the total volume of refined petroleum products, including refinery consumption and losses, multiplied by the average retail price of gasoline and diesel taken together. The value of the gas segment is calculated as the total volume of natural gas consumed multiplied by the retail price of natural gas.
- The Finnish oil & gas market recorded revenues of $21.6 billion in 2023, representing a compound annual growth rate (CAGR) of 1.5% between 2018 and 2023.
- Market consumption volumes declined with a negative CAGR of 2.3% between 2018 and 2023, to reach a total of 83 million BoE in 2023.
- The contraction in the oil & gas market in recent years can be attributed to the growing sales of electric vehicles. According to MarketLine, the Finnish hybrid and electric cars market stood at $3.3 billion in 2023, an increase of 6.2% from the previous year.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the oil & gas market in Finland
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in Finland
- Leading company profiles reveal details of key oil & gas market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Finland oil & gas market with five year forecasts by both value and volume
- What was the size of the Finland oil & gas market by value in 2023?
- What will be the size of the Finland oil & gas market in 2028?
- What factors are affecting the strength of competition in the Finland oil & gas market?
- How has the market performed over the last five years?
- Who are the top competitors in Finland's oil & gas market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 7.3. What were the most notable recent developments in this market?
- 8 Company Profiles
- 8.1. Gasum Oy
- 8.2. Lukoil Oil Co.
- 8.3. Neste Corp
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. About MarketLine
- List of Tables
- Table 1: Finland oil & gas market value: $ million, 2018-23
- Table 2: Finland oil & gas market category segmentation: % share, by value, 2018-2023
- Table 3: Finland oil & gas market category segmentation: $ million, 2018-2023
- Table 4: Finland oil & gas market geography segmentation: $ million, 2023
- Table 5: Finland oil & gas market value forecast: $ million, 2023-28
- Table 6: Gasum Oy: key facts
- Table 7: Gasum Oy: Key Employees
- Table 8: Lukoil Oil Co.: key facts
- Table 9: Lukoil Oil Co.: Key Employees
- Table 10: Neste Corp: key facts
- Table 11: Neste Corp: Annual Financial Ratios
- Table 12: Neste Corp: Key Employees
- Table 13: Finland size of population (million), 2019-23
- Table 14: Finland gdp (constant 2005 prices, $ billion), 2019-23
- Table 15: Finland gdp (current prices, $ billion), 2019-23
- Table 16: Finland inflation, 2019-23
- Table 17: Finland consumer price index (absolute), 2019-23
- Table 18: Finland exchange rate, 2019-23
- List of Figures
- Figure 1: Finland oil & gas market value: $ million, 2018-23
- Figure 2: Finland oil & gas market category segmentation: $ million, 2018-2023
- Figure 3: Finland oil & gas market geography segmentation: % share, by value, 2023
- Figure 4: Finland oil & gas market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the oil & gas market in Finland, 2023
- Figure 6: Drivers of buyer power in the oil & gas market in Finland, 2023
- Figure 7: Drivers of supplier power in the oil & gas market in Finland, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the oil & gas market in Finland, 2023
- Figure 9: Factors influencing the threat of substitutes in the oil & gas market in Finland, 2023
- Figure 10: Drivers of degree of rivalry in the oil & gas market in Finland, 2023
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