The production of coke and refined petroleum products in the Netherlands has experienced fluctuations over the past decade. Since 2013, the industry saw a significant decline reaching its lowest point in 2016. However, from 2017 onwards, there was a recovery trend with an overall positive CAGR of 0.81% expected from 2024 to 2028. In 2023, the production value stood at 29.57 billion euros, marking a slight increase of 1% from 2022. The average year-on-year growth over the past two years was 3.675%. The last five years, on average, saw annual growth at around 0.19%.
Future trends to watch for include:
- Potential technological advancements in production processes
- Shifts in global demand for refined petroleum products
- Impact of regulatory policies on environmental sustainability
- Upcoming investments in renewable energy alternatives
