The production volumes of coke and refined petroleum products in Chile exhibited moderate variability between 2013 and 2023, reaching 3.555 trillion Chilean Pesos in 2023. Notably, there was a significant drop in 2020 by 16.74%, likely due to the global economic impact of the COVID-19 pandemic, followed by a robust recovery in 2021 with an increase of 14.81%. The average annual growth rate (CAGR) over the last five years stands at 0.19%, indicating a slow but steady recovery.
Future trends to watch for include:
- Projected yearly increases from 2024 to 2028, with an average growth rate of 0.25% CAGR.
- The influence of global oil prices on production volumes.
- The impact of environmental regulations on refining capacity and production efficiency.
- Potential effects of technological advancements in refining processes.
