In 2023, the lubricants refinery output in Germany stood at 2.66 million tonnes of oil equivalent. Over the forecast period from 2024 to 2028, the output is expected to steadily increase, reaching 2.79 million tonnes by 2028. The year-on-year growth indicates increases around 0.74% from 2024 to 2025, and gradually rising such that the compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.01%.
Future trends to watch for include:
- Technological advancements in refining processes boosting efficiency.
- Environmental regulations potentially impacting production methods.
- Shifts in demand influenced by the transition to electric vehicles and renewable energy sources.
- Global economic factors impacting export opportunities and production capacities.
