In 2023, the coke and refined products sector in the UK had a certain number of enterprises. The forecasted data for the upcoming years indicates a consistent decline in the number of enterprises within this sector, dropping from 66 in 2024 to 41 in 2028. This represents a significant decrease year-on-year. The compounded annual growth rate (CAGR) over these five years suggests an average annual decline, highlighting a struggling industry.
For future trends, stakeholders should watch:
- Technological advancements and their impact on operational efficiency.
- Shifts in regulatory policies affecting production and compliance.
- The transition to renewable energy and its pressure on traditional sectors.
- Market consolidation trends as smaller enterprises face increasing challenges.
