The production of coke and refined petroleum products in Spain has shown significant fluctuations over the past decade, with a pronounced decline between 2013 and 2016, followed by a gradual recovery phase. From a high of 45.01 billion euros in 2013, the value dipped to a low of 27.56 billion euros in 2016. A recovery trend set in from 2017 onwards, peaking in 2023 at 42.17 billion euros. Year-on-year variations have been volatile, with notable dips in 2015, 2016, and 2020, and substantial recoveries in 2017, 2018, and 2021.
Recent years have seen a positive trend, where the value in 2023 stood at 42.17 billion euros, marking growth in conjunction with a more stable production environment. The Compound Annual Growth Rate (CAGR) over the past five years is approximately 0.25%, indicating modest yet consistent growth.
Future trends to watch for include the forecasted steady growth from 2024 to 2028, with an expected 6.04% overall increase. The 5-year CAGR of 1.18% suggests a subdued but positive growth outlook. Market dynamics, regulatory changes, and advancements in refining technology will play critical roles in shaping production trends moving forward.
