The value-added of Coke and Refined Petroleum Products in Spain stood at €3.98 billion in 2023. From 2013 to 2023, the sector demonstrated significant volatility, with sharp declines in the early years followed by consistent growth starting in 2015. The most notable changes include a 234.14% increase in 2015 and steady annual growth rates around 2.5-2.9% in the last few years.

In 2023, the sector saw a year-on-year growth of 2.5%. The compound annual growth rate (CAGR) from 2018 to 2023 was 2.92%. Looking ahead, the forecast indicates a CAGR of 1.72% from 2024 to 2028, with an overall forecasted growth rate of 8.92% over these five years.

Future trends to watch for include:

Shifts in global oil prices impacting production costs.
Regulatory changes concerning environmental standards for refineries.
Technological advancements leading to improved efficiency in refining processes.
Potential increases in demand due to economic recovery and industrial activities.