In 2023, the production value in Germany's Coke and Refined Products sector stood at 75.14 billion Euros. Forecast data from 2024 to 2028 indicates a consistent decline, with production value expected to decrease from 73.08 billion Euros in 2024 to 64.99 billion Euros in 2028. Year-on-year variations reflect a decreasing trend, with a compound annual growth rate (CAGR) of approximately -2.8% across the five-year forecast period.
Future trends to watch for:
- Impact of energy transition policies and sustainable practices on production levels.
- Technological advancements in refining processes that might offset decline.
- Fluctuations in global oil prices and their implications for the sector.
- Shifts in domestic and international demand patterns for coke and refined products.