The production of coke and refined petroleum products in Germany has seen significant fluctuations over the years, particularly between 2013 and 2023. In 2013, the value stood at 77.98 billion euros and experienced a consistent downward trend till 2016. This was followed by a slight recovery in 2017 and 2018 with values increasing to 52.98 billion euros and 58.1 billion euros respectively. However, values dipped again in 2020 to 47.08 billion euros due to the impacts likely influenced by global events and market conditions. The value rebounded to 56.37 billion euros in 2023 and is forecasted to slightly decline to 55.6 billion euros by 2028.
Year-on-year variations reveal that the sector experienced the highest negative fluctuations in 2015 and 2020. The average annual growth rate over the last five years (CAGR) before 2024 has been -0.6%. Forecasted data indicates a continued slight decline with a forecasted 5-year CAGR of -0.16% and a forecasted growth rate of -0.79% by 2028, suggesting stable but slightly declining production values.
Future trends to watch for:
- Impact of global economic conditions on production levels and pricing strategies.
- Technological advancements in refining and production processes.
- Regulatory changes related to environmental standards and their impact on the industry.
- Shifts in demand for coke and refined petroleum products due to changes in energy consumption patterns.
