Production of Coke and Refined Petroleum Products in Canada showed variability from 2013 to 2023. The highest production was in 2013 at 79.33 billion CAD and saw significant declines, especially between 2014 and 2016. Recovery was evident in 2017 with a 22.28% increase, but the production fluctuated in subsequent years. By 2023, production was valued at 72.63 billion CAD, reflecting a slight 1.17% year-on-year increase and a minimal CAGR of 0.12% over the past five years. The forecast for the next five years shows a gradual rise with a CAGR of 0.94%, reaching 76.82 billion CAD by 2028.
Future trends to watch for include potential impacts of global energy policies, advancements in refining technologies, and the shift towards sustainable energy sources. Additionally, market dynamics, such as crude oil price fluctuations and geopolitical stability, will play critical roles in shaping the production landscape. Monitoring these factors will be crucial for strategic planning and forecasting in this sector.
