| Product Code: ETC9560935 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Sweden`s oil refining import shipments continued to be primarily sourced from neighboring countries such as the Netherlands, Norway, and Denmark, along with Kuwait and Belgium. Despite the diverse sources, the market remained relatively competitive with a low Herfindahl-Hirschman Index (HHI) concentration. The compound annual growth rate (CAGR) from 2020 to 2024 stood at 1.92%, indicating steady but moderate growth. However, there was a notable decline in growth rate from 2023 to 2024 at -36.07%, potentially reflecting fluctuations in demand or supply disruptions in the industry.
The oil refining market in Sweden is characterized by a few major players dominating the industry, including Preem AB and Nynas AB. These companies operate refineries that primarily focus on producing various petroleum products such as gasoline, diesel, and heating oils. The market is influenced by factors such as government regulations promoting renewable energy sources and the increasing demand for cleaner fuels. Sweden`s commitment to sustainability and reducing carbon emissions has led to investments in renewable energy sources and biofuels, impacting the overall dynamics of the oil refining sector. The industry is also witnessing a shift towards higher efficiency and technological advancements to meet environmental standards while maintaining competitiveness in the global market.
In the Sweden Oil Refining Market, there is a notable shift towards renewable and sustainable energy sources driven by environmental concerns and regulatory pressure. Refineries are increasingly investing in upgrading their infrastructure to produce biofuels and reduce carbon emissions. Additionally, there is a growing focus on improving energy efficiency and operational performance through digitalization and automation technologies. The market is also witnessing collaborations and partnerships between oil refining companies and technology providers to enhance research and development efforts in green fuel production. Overall, sustainability and innovation are key trends shaping the future of the Sweden Oil Refining Market as it adapts to the evolving energy landscape and consumer demands.
In the Sweden Oil Refining Market, some challenges faced include stringent environmental regulations requiring investments in cleaner technologies and emissions reduction measures, which can increase operational costs. Another challenge is the volatility of global oil prices, affecting profitability and investment decisions within the industry. Additionally, competition from renewable energy sources and the push towards sustainability are putting pressure on traditional oil refining companies to adapt and diversify their energy portfolios. Furthermore, the transition towards electric vehicles and the declining demand for fossil fuels in the long term present a fundamental challenge for the oil refining market in Sweden, requiring strategic planning and innovation to remain competitive in a changing energy landscape.
The Sweden Oil Refining Market offers promising investment opportunities, particularly in the renewable energy sector. As the country aims to achieve carbon neutrality by 2045, there is a growing emphasis on transitioning to cleaner energy sources. Investing in renewable energy projects such as biofuels production, wind power, and solar energy within the oil refining industry can be lucrative. Additionally, with a focus on sustainability and environmental responsibility, there is potential for growth in technologies that improve energy efficiency and reduce emissions in oil refining processes. Collaborating with Swedish companies that are leading innovations in sustainable energy solutions could provide excellent investment prospects in the evolving landscape of the Sweden Oil Refining Market.
In Sweden, government policies related to the oil refining market focus on promoting sustainability and reducing greenhouse gas emissions. The country has implemented carbon taxes and emission trading systems to incentivize refineries to reduce their environmental impact. Additionally, Sweden has set ambitious targets to increase the share of renewable fuels in transportation, which has led to investments in biofuels and other renewable energy sources. The government also supports research and development in advanced biofuels and technologies to further reduce the carbon footprint of the oil refining industry. Overall, Sweden`s policies aim to transition towards a more sustainable and environmentally friendly oil refining sector in line with the country`s commitment to combat climate change.
The future outlook for the Sweden Oil Refining Market is expected to be influenced by several key factors. As Sweden aims to reduce its carbon footprint and transition to more sustainable energy sources, there is likely to be a continued shift towards renewable fuels and biofuels in the oil refining industry. Additionally, increasing demand for electric vehicles and stringent environmental regulations may lead to a decrease in the overall demand for traditional petroleum-based products. However, the market may also witness investments in upgrading existing refineries to produce cleaner fuels and improve efficiency. Overall, the Sweden Oil Refining Market is expected to undergo a transformation towards a more sustainable and environmentally friendly industry in the coming years.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Sweden Oil Refining Market Overview |
3.1 Sweden Country Macro Economic Indicators |
3.2 Sweden Oil Refining Market Revenues & Volume, 2021 & 2031F |
3.3 Sweden Oil Refining Market - Industry Life Cycle |
3.4 Sweden Oil Refining Market - Porter's Five Forces |
3.5 Sweden Oil Refining Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Sweden Oil Refining Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Sweden Oil Refining Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for petroleum products in Sweden |
4.2.2 Technological advancements in oil refining processes |
4.2.3 Government initiatives promoting sustainable energy sources |
4.3 Market Restraints |
4.3.1 Fluctuating crude oil prices in the global market |
4.3.2 Stringent environmental regulations impacting refining operations |
5 Sweden Oil Refining Market Trends |
6 Sweden Oil Refining Market, By Types |
6.1 Sweden Oil Refining Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Sweden Oil Refining Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Sweden Oil Refining Market Revenues & Volume, By Gasoline, 2021- 2031F |
6.1.4 Sweden Oil Refining Market Revenues & Volume, By Gasoil, 2021- 2031F |
6.1.5 Sweden Oil Refining Market Revenues & Volume, By Kerosene, 2021- 2031F |
6.1.6 Sweden Oil Refining Market Revenues & Volume, By LPG, 2021- 2031F |
6.1.7 Sweden Oil Refining Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Sweden Oil Refining Market, By End-user |
6.2.1 Overview and Analysis |
6.2.2 Sweden Oil Refining Market Revenues & Volume, By Transportation, 2021- 2031F |
6.2.3 Sweden Oil Refining Market Revenues & Volume, By Aviation, 2021- 2031F |
6.2.4 Sweden Oil Refining Market Revenues & Volume, By Marine Bunker, 2021- 2031F |
6.2.5 Sweden Oil Refining Market Revenues & Volume, By Petrochemical, 2021- 2031F |
6.2.6 Sweden Oil Refining Market Revenues & Volume, By Agriculture, 2021- 2031F |
6.2.7 Sweden Oil Refining Market Revenues & Volume, By Others, 2021- 2031F |
7 Sweden Oil Refining Market Import-Export Trade Statistics |
7.1 Sweden Oil Refining Market Export to Major Countries |
7.2 Sweden Oil Refining Market Imports from Major Countries |
8 Sweden Oil Refining Market Key Performance Indicators |
8.1 Energy efficiency improvement rate |
8.2 Carbon emissions reduction rate |
8.3 Investment in renewable energy sources for refining operations |
9 Sweden Oil Refining Market - Opportunity Assessment |
9.1 Sweden Oil Refining Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Sweden Oil Refining Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Sweden Oil Refining Market - Competitive Landscape |
10.1 Sweden Oil Refining Market Revenue Share, By Companies, 2024 |
10.2 Sweden Oil Refining Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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