Forecast: Oil Refinery Capacities in Germany

Oil refinery capacities in Germany saw a relatively stable trend between 2013 and 2023, with a slight decrease in the earlier years but growth resuming post-2020. In 2023, the value stood at 2.17 million barrels per day. The year-on-year variations reflect minor fluctuations with a peak increase in 2021 (2.87%) and a recent rise of 1.23% in 2023. The compound annual growth rate (CAGR) over the last five years shows an average annual increase of 1%.

Looking ahead, forecasted data indicates a steady growth in oil refinery capacities from 2024 to 2028, with the capacity expected to reach 2.29 million barrels per day by 2028. The forecasted five-year CAGR is projected at 0.9%, translating to a total growth of 4.6% over this period.

Future trends to watch for:

  • Technological advancements in refinery processes that may increase efficiency.
  • Potential regulatory changes impacting the oil refinery sector.
  • Shifts in global energy demand and the transition towards renewable energy sources.
  • Economic factors and geopolitical developments that could affect oil supply and demand.

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