In 2023, the refinery output for Gas Oil and Diesel Oil (excluding biofuel portion) in Denmark stood at approximately 47.37 thousand GWh. The forecast data for 2024 to 2028 shows a consistent year-on-year decline in output: 2024's value is projected at 47.17 thousand GWh, declining further to 46.37 thousand GWh by 2028. This represents a steady yearly decrease averaging around 0.42% over the forecast period. The compound annual growth rate (CAGR) from 2023 to 2028 stands at approximately -0.42%.
Future trends to watch for include the adoption of renewable energy sources, stricter environmental regulations impacting fossil fuel production, and technological advancements in the refining process which may either increase efficiency or further reduce the demand for refined Gas Oil and Diesel Oil. Monitoring global oil prices and geopolitical stability will also be essential to predicting future refinery output trends.
