In 2023, the European coke and refined petroleum products manufacturing sector displayed diverse performances. Germany led with a value output of €62.07 billion, growing by 1.9% year-on-year. Italy followed at €52.24 billion with a 0.92% increase, while Spain's €40.16 billion marked a slight decrease of 0.47%. Notably, Belgium surged 6.69% to €42.6 billion. Smaller markets like Slovakia and Estonia experienced double-digit growths, standing at €6.2 billion and €0.44181 billion, respectively. In contrast, Latvia saw a significant 15.06% decline.
Looking ahead, increasing emphasis on sustainable energy and regulatory policies may reshape the output, encouraging investment in cleaner technologies. Observing the economic recovery post-COVID-19 and geopolitical tensions will also provide insights into future growth and stability of these industries across Europe.
Top countries in Coke and Refined Petroleum Products Manufacturing Output by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 62,070 | 2023 | +10.9% | +1.9% | View data |
| 2 | 2 Italy | 52,240 | 2023 | +12.11% | +0.92% | View data |
| 3 | 3 Belgium | 42,600 | 2023 | +1.26% | +6.69% | View data |
| 4 | 4 Spain | 40,160 | 2023 | +13.27% | -0.47% | View data |
| 5 | 5 Portugal | 7,820 | 2023 | +10.83% | +0.06% | View data |
| 6 | 6 Slovakia | 6,200 | 2023 | +2.38% | +11.25% | View data |
| 7 | 7 Austria | 6,110 | 2023 | -16.01% | -0.037% | View data |
| 8 | 8 Estonia | 441.81 | 2023 | +3.38% | +10.48% | View data |
| 9 | 9 Slovenia | 1.3 | 2022 | +170.42% | +23.27% | View data |
| 10 | 10 Latvia | 1.1 | 2023 | -16.73% | -15.06% | View data |
