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Energy & Power🇫🇮 Finland

Finland Oil Consumption

- Oil Consumption refers to the total amount of petroleum products used within a country during a given year for energy and non-energy purposes.

Finland Oil ConsumptionThousand Barrels Daily · 2015–2023

2202001801602015: 1962016: 206Peak2017: 2002018: 2002019: 1992020: 1782021: 1682022: 1792023: 164Trough20152017201920212023
Source: energyinst.orgLast updated: June 2026

What Finland Oil Consumption shows

Finland Oil Consumption was 164 Thousand Barrels Daily in 2023, down 8.4% on 2022. The Oil Consumption dataset of Finland from 2015 to 2023 provides a comprehensive overview of the country's oil consumption, highlighting demand trends, consumption levels, supply patterns, and overall industry performance throughout the review period.

Trend

Falling to a series low

Finland Oil Consumption moved from 196 Thousand Barrels Daily in 2015 to 164 Thousand Barrels Daily in 2023 (−16.3%), an average of −2.2% a year. The series high was 206 Thousand Barrels Daily in 2016 and the low 164 Thousand Barrels Daily in 2023.

Volatility

A 20.4% peak-to-trough swing

The gap between the series high (2016) and low (2023) is 42.00 Thousand Barrels Daily. The sharpest single-year move was −10.6% in 2020.

Structure

Ranks 44 of 46 countries covered

Among the 46 countries in this dataset, Finland ranks 44 for 2023, behind U.S. (18,984 Thousand Barrels Daily) and China (16,577 Thousand Barrels Daily). It accounts for 0.2% of the global total in 2023.

Full series

Finland Oil Consumption by year

Complete annual series with year-on-year change. Values are reported in Thousand Barrels Daily.

Scroll the table sideways to see all columns.

Finland Oil Consumption, 2015–2023, Thousand Barrels Daily.
YearThousand Barrels DailyChange vs prior year
2023 Trough164 −8.4%
2022 179 +6.5%
2021 168 −5.6%
2020 178 −10.6%
2019 199 −0.5%
2018 200 0%
2017 200 −2.9%
2016Peak 206 +5.1%
2015 196 —

Regional context

How Finland compares in Europe

Oil Consumption by country, 2023, Thousand Barrels Daily. Finland is highlighted.

1Germany
1,955
2France
1,348
3UK
1,325
4Spain
1,228
5Italy
1,221
6Turkey
1,136
7Netherlands
850
11Finland
164

Data definition

Inclusions and exclusions

Oil Consumption — - Oil Consumption refers to the total amount of petroleum products used within a country during a given year for energy and non-energy purposes. It is typically measured in thousand barrels per day (kb/d) and represents the demand for oil-based fuels and products across the economy. The indicator includes the use of refined petroleum products such as gasoline, diesel, jet fuel, kerosene, fuel oil, and other oil-derived products consumed by transportation, industry, power generation, residential, commercial, and other sectors. Oil Consumption is a key measure of a country’s energy demand, economic activity, transportation intensity, and dependence on petroleum resources.

Inclusions

The data includes the domestic consumption of major petroleum products, including gasoline, diesel, jet fuel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other refined oil products used across transportation, industrial, residential, commercial, agricultural, and power generation sectors. It covers both energy-related use and certain non-energy uses of petroleum products, such as feedstocks for petrochemical manufacturing where included in national energy balances. The indicator reflects total petroleum demand within a country regardless of whether the oil is produced domestically or imported. Data is compiled from national energy statistics, refinery reports, trade data, and standardized international energy databases, enabling consistent comparison of oil consumption trends across countries and over time.

Exclusions

The data excludes crude oil production, crude oil reserves, refinery throughput, and petroleum exports. It does not include consumption of natural gas, coal, nuclear energy, electricity, or renewable energy sources unless they are derived from petroleum products. The indicator excludes upstream oil extraction activities and does not directly measure fuel efficiency, carbon emissions, energy affordability, or the quality of energy services. Inventory changes, strategic petroleum reserves, and stock movements may be treated separately depending on the reporting methodology. Minor variations may occur due to differences in national accounting practices, product classifications, and estimation methods used across countries.

About this indicator

Oil Consumption — - Oil Consumption refers to the total amount of petroleum products used within a country during a given year for energy and non-energy purposes. It is typically measured in thousand barrels per day (kb/d) and represents the demand for oil-based fuels and products across the economy. The indicator includes the use of refined petroleum products such as gasoline, diesel, jet fuel, kerosene, fuel oil, and other oil-derived products consumed by transportation, industry, power generation, residential, commercial, and other sectors. Oil Consumption is a key measure of a country’s energy demand, economic activity, transportation intensity, and dependence on petroleum resources.

Measured in thousand barrels daily, the dataset serves as an important indicator of energy demand, transportation fuel consumption, industrial activity, and the performance of Finland's oil market. It enables assessment of long-term consumption patterns, market dynamics, and changes in petroleum demand across major consuming sectors, supporting analysis of the country's evolving energy landscape.

Finland's oil consumption fluctuated moderately during the review period, increasing from 196 thousand barrels daily in 2015 to 206 thousand in 2016, before declining to 200 thousand barrels daily in both 2017 and 2018, and 199 thousand in 2019. Demand fell to 178 thousand barrels daily in 2020, reflecting reduced transportation activity and weaker economic conditions. Consumption declined further to 168 thousand barrels daily in 2021, recovered to 179 thousand in 2022, and decreased again to 164 thousand barrels daily in 2023, the lowest level during the review period. The overall trend indicates moderate fluctuations with a gradual decline over time.

Overall, the dataset indicates a downward trend in Finland's oil consumption, reflecting changing energy demand patterns, efficiency improvements, and the gradual adoption of alternative energy sources. Although consumption partially recovered after 2021, demand remained below pre-pandemic levels by 2023. The dataset serves as a valuable resource for monitoring oil consumption trends, evaluating energy demand, supporting market analysis, forecasting future petroleum consumption, and enabling policymakers, researchers, investors, and industry stakeholders to develop informed energy policies, infrastructure strategies, and long-term investment decisions.

Indicator
Oil Consumption
Country
Finland
Region
Europe
Unit
Thousand Barrels Daily
Coverage
2015–2023, annual
Category
Energy & Power
Last updated
June 2026
Source
energyinst.org

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Frequently asked questions

What is Finland Oil Consumption?

Definition- Oil Consumption refers to the total amount of petroleum products used within a country during a given year for energy and non-energy purposes. It is typically measured in thousand barrels per day (kb/d) and represents the demand for oil-based fuels and products across the economy. The indicator includes the use of refined petroleum products such as gasoline, diesel, jet fuel, kerosene, fuel oil, and other oil-derived products consumed by transportation, industry, power generation, residential, commercial, and other sectors. Oil Consumption is a key measure of a country’s energy demand, economic activity, transportation intensity, and dependence on petroleum resources.

What was Finland Oil Consumption in 2023?

Finland Oil Consumption was 164 Thousand Barrels Daily in 2023, down 8.4% on 2022.

How has Finland Oil Consumption changed between 2015 and 2023?

Finland Oil Consumption moved from 196 Thousand Barrels Daily in 2015 to 164 Thousand Barrels Daily in 2023 (−16.3%), an average of −2.2% a year. The series high was 206 Thousand Barrels Daily in 2016 and the low 164 Thousand Barrels Daily in 2023.

Which year had the highest and lowest Finland Oil Consumption?

The highest value was 206 Thousand Barrels Daily in 2016 and the lowest was 164 Thousand Barrels Daily in 2023.

What does the Finland Oil Consumption data include and exclude?

Included: The data includes the domestic consumption of major petroleum products, including gasoline, diesel, jet fuel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other refined oil products used across transportation, industrial, residential, commercial, agricultural, and power generation sectors. It covers both energy-related use and certain non-energy uses of petroleum products, such as feedstocks for petrochemical manufacturing where included in national energy balances. The indicator reflects total petroleum demand within a country regardless of whether the oil is produced domestically or imported. Data is compiled from national energy statistics, refinery reports, trade data, and standardized international energy databases, enabling consistent comparison of oil consumption trends across countries and over time. Excluded: The data excludes crude oil production, crude oil reserves, refinery throughput, and petroleum exports. It does not include consumption of natural gas, coal, nuclear energy, electricity, or renewable energy sources unless they are derived from petroleum products. The indicator excludes upstream oil extraction activities and does not directly measure fuel efficiency, carbon emissions, energy affordability, or the quality of energy services. Inventory changes, strategic petroleum reserves, and stock movements may be treated separately depending on the reporting methodology. Minor variations may occur due to differences in national accounting practices, product classifications, and estimation methods used across countries.

Where does the Finland Oil Consumption data come from?

The series is sourced from energyinst.org (https://www.energyinst.org/__data/assets/pdf_file/0006/1542714/684_EI_Stat_Review_V16_DIGITAL.pdf). It covers 2015–2023 and is reported in Thousand Barrels Daily.

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