Germany's production volumes of coke and refined petroleum products showed significant variability from 2013 to 2023. The highest recorded value was in 2016, while a notable decline occurred in 2020. By 2023, the volume stood at €51.03 billion, displaying a manageable year-on-year decline of 0.7%. The average annual variation over the last five years (CAGR) indicated a slight upward trend of 0.28%. Moving forward, the forecasted data from 2024 to 2028 indicates a steady decline, averaging a -0.59% annual contraction (CAGR), with an overall drop in volumes by about 2.9%.
Future trends to watch for:
- The impact of green energy initiatives and reduced dependency on fossil fuels.
- Technological advancements and their influence on refining processes.
- Global economic factors affecting demand for coke and refined petroleum products.