The output of the Coke and Refined Petroleum Products Manufacturing sector in Germany showed significant fluctuation over the past decade. The sector experienced a peak in 2013, reaching 77.98 billion euros, and faced a substantial decline until 2020 where it hit a low of 38.99 billion euros. This was followed by a strong recovery in 2021 with an increase to 58.54 billion euros. As of 2023, the output stood at 62.07 billion euros. The latest data shows a consistent recovery trend with a year-on-year growth rate of 10.9% from 2022 to 2023, and a 5-year CAGR of 1.9%.

Future Trends to watch for:

Continued recovery and growth in demand as forecasted figures for 2028 project an output of 73.06 billion euros.
The 5-year CAGR of 2.58% suggests steady but moderate growth.
Potential shifts in global energy policies and technological advancements in refining processes could significantly impact the sector.
Economic and geopolitical factors may influence both supply and demand dynamics.