Between 2013 and 2023, the output of refined petroleum products and coke in Belgium exhibited fluctuations, starting with a decline in 2014 and a significant drop in 2015. Recoveries in 2017 and 2018 were followed by declines in subsequent years. The value in 2023 stood at 23.94 Billion Euros, representing a slight year-on-year increase of 3.04% from 2022. The previous five-year CAGR (2019-2023) was -4.93%, signifying an overall negative trend.

Looking ahead, the output is forecasted to continue its decline, with anticipated values decreasing annually, reaching 19.59 Billion Euros by 2028. The forecasted 5-year CAGR from 2024 to 2028 is -3.2%, indicating a steady reduction in production levels.

Future trends to watch for include:

Changes in global demand for refined petroleum products.
Regulatory impacts on production and environmental considerations.
Technological advancements in refining processes.
Shifts towards alternative energy sources and their influence on petroleum markets.