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Energy & Power🇸🇪 Sweden

Sweden 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.

Sweden Oil ConsumptionThousand Barrels Daily · 2015–2023

3002752502252015: 2772016: 2882017: 294Peak2018: 2612019: 2662020: 237Trough2021: 2662022: 2402023: 24020152017201920212023
Source: energyinst.orgLast updated: June 2026

What Sweden Oil Consumption shows

Sweden Oil Consumption was 240 Thousand Barrels Daily in 2023, up 0% on 2022. The Oil Consumption dataset of Sweden 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

Lower over the period

Sweden Oil Consumption moved from 277 Thousand Barrels Daily in 2015 to 240 Thousand Barrels Daily in 2023 (−13.4%), an average of −1.8% a year. The series high was 294 Thousand Barrels Daily in 2017 and the low 237 Thousand Barrels Daily in 2020.

Volatility

A 19.4% peak-to-trough swing

The gap between the series high (2017) and low (2020) is 57.00 Thousand Barrels Daily. The sharpest single-year move was +12.2% in 2021.

Structure

Ranks 41 of 46 countries covered

Among the 46 countries in this dataset, Sweden ranks 41 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

Sweden 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.

Sweden Oil Consumption, 2015–2023, Thousand Barrels Daily.
YearThousand Barrels DailyChange vs prior year
2023 240 0%
2022 240 −9.8%
2021 266 +12.2%
2020 Trough237 −10.9%
2019 266 +1.9%
2018 261 −11.2%
2017Peak 294 +2.1%
2016 288 +4%
2015 277 —

Regional context

How Sweden compares in Europe

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

1Germany
1,955
2France
1,348
3UK
1,325
4Spain
1,228
5Italy
1,221
6Turkey
1,136
7Netherlands
850
10Sweden
240

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 Sweden'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.

Sweden's oil consumption increased from 277 thousand barrels daily in 2015 to 288 thousand in 2016 and 294 thousand in 2017, the highest level during the review period. Consumption declined to 261 thousand barrels daily in 2018 before recovering slightly to 266 thousand in 2019. Demand decreased to 237 thousand barrels daily in 2020, reflecting lower transportation and industrial activity. Consumption rebounded to 266 thousand barrels daily in 2021 before easing to 240 thousand in both 2022 and 2023. Overall, consumption remained below the peak levels recorded before 2018.

Overall, the dataset indicates moderate fluctuations in Sweden's oil consumption with an overall downward trend during the review period. The recovery after 2020 was followed by stabilization, reflecting evolving energy consumption patterns, improved energy efficiency, and increasing adoption of cleaner energy alternatives. 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
Sweden
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 Sweden 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 Sweden Oil Consumption in 2023?

Sweden Oil Consumption was 240 Thousand Barrels Daily in 2023, up 0% on 2022.

How has Sweden Oil Consumption changed between 2015 and 2023?

Sweden Oil Consumption moved from 277 Thousand Barrels Daily in 2015 to 240 Thousand Barrels Daily in 2023 (−13.4%), an average of −1.8% a year. The series high was 294 Thousand Barrels Daily in 2017 and the low 237 Thousand Barrels Daily in 2020.

Which year had the highest and lowest Sweden Oil Consumption?

The highest value was 294 Thousand Barrels Daily in 2017 and the lowest was 237 Thousand Barrels Daily in 2020.

What does the Sweden 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 Sweden 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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