In 2024, Germany leads European production of Coke and Refined Petroleum Products with a value of 56.37 billion Euros, followed by Italy (50.09 billion Euros) and Spain (42.17 billion Euros). Despite Germany's leadership, it experienced a slight year-on-year decline of 0.6% in 2023. Conversely, Italy and Spain saw marginal growths of approximately 0.081% and 0.25% respectively. The Netherlands and Belgium faced reductions of 0.19% and 1.87% in the same period. The smaller markets of Estonia and Lithuania, however, reported significant growths of 1.29% and 0.48% respectively.
Future trends to watch for include:
- Technological advancements and regulatory pressures driving industry transitions towards greener production methods.
- Potential increased production capacity in smaller economies as they leverage niche strengths and modernize facilities.
- Potential trade policy changes within the European Union influencing production and cross-border supply chain dynamics.
- Global energy price fluctuations impacting cost structures and competitive positioning among countries.
Top countries in Production of Coke and Refined Petroleum Products by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 56,370 | 2023 | -0.21% | -0.6% | View data |
| 2 | 2 Italy | 50,090 | 2023 | +0.43% | +0.081% | View data |
| 3 | 3 Spain | 42,170 | 2023 | +1.49% | +0.25% | View data |
| 4 | 4 Netherlands | 29,570 | 2023 | +1% | -0.19% | View data |
| 5 | 5 Belgium | 28,040 | 2023 | +0.3% | -1.87% | View data |
| 6 | 6 Greece | 16,280 | 2023 | +1.63% | -0.35% | View data |
| 7 | 7 Finland | 9,900 | 2023 | +1.61% | +0.083% | View data |
| 8 | 8 Austria | 6,190 | 2023 | +1.45% | -0.31% | View data |
| 9 | 9 Lithuania | 5,000 | 2023 | +1.5% | +0.48% | View data |
| 10 | 10 Slovakia | 3,570 | 2023 | +1.38% | -0.37% | View data |
