The production volumes of Coke and Refined Petroleum Products in Denmark have exhibited variability over the past decade, with values fluctuating from 28.03 billion Danish Krones in 2013 to 22.86 billion in 2023. Notably, the sector experienced significant declines in 2020, plummeting by 17.89%, followed by a partial recovery. The most recent data for 2023 showed a slight year-on-year decrease of 1.05%. The compound annual growth rate (CAGR) over the last five years stands at a modest decline of 0.75%.
Forecast data indicates a continuous slow decrease in production values, reaching 21.53 billion Danish Krones by 2028. The projected five-year CAGR suggests an average annual contraction of 0.89%, with an overall forecasted decline of 4.37% by 2028.
Future trends to watch for include:
- Technological advancements aimed at enhancing production efficiency.
- Global energy market shifts influencing local production volumes.
- Policy changes targeted at sustainability and reduction of carbon footprints.
- Fluctuations in demand driven by changes in industrial activity and consumer behavior.