In the refined petroleum products sector in Poland, the 2023 production value stood at 88.93 billion Zloty. Over the past decade, the industry has experienced significant fluctuations. There was a noticeable decline from 2013 through 2016, followed by a mix of both recoveries and drops up to 2023. The year-on-year changes highlight this volatility, with substantial decreases in certain years like 2015 and 2020, and marked growth in other years, such as 2017 and 2019. The CAGR for the last five years before 2023 was 4.1%, indicating a more recent trend of gradual growth.
Looking forward, the forecasted data from 2024 to 2028 suggests a stable increase, though at a modest rate, with a forecasted 5-year CAGR of 0.39%. This implies a steady but slow growth trajectory for the industry. The forecasted average annual growth rate is 1.97%, suggesting some potential for expansion despite prior volatility.
Future trends to watch for include global oil price fluctuations, advancements in refining technology, regulatory changes, and shifts in consumer demand towards alternative energy sources. These factors could significantly impact the sector's stability and growth in the coming years.
