| Year | Value | Year-on-Year Variation (%) |
|---|---|---|
| 2024 | 59.86 | N/A |
| 2025 | 60.6 | 1.24% |
| 2026 | 61.32 | 1.19% |
| 2027 | 62.03 | 1.16% |
| 2028 | 62.73 | 1.13% |
Compound Annual Growth Rate (CAGR) Summary
The CAGR over the 5-year period from 2024 to 2028 is estimated to be approximately 1.18%.
Future Trends
The forecasted steady growth in production value signifies a stable market. Future trends to watch include advancements in refining technology, regulatory changes in environmental policies, and global economic conditions influencing raw material prices and demand.
