From 2013 to 2016, the output of refined petroleum products and coke in the Netherlands experienced a significant decline, with annual decreases ranging from -5.62% to -20.88%. In 2017, recovery began, marked by a 16.63% growth, and this upward trend continued until 2018 with a 22.79% increase. The period from 2019 to 2020 saw fluctuations with a slight decrease in 2019 and a notable decline of -18.15% in 2020. From 2021 onwards, the sector recovered moderately, peaking in 2022 with a minor drop and followed by a stable forecast for the coming years.
In 2023, the value stood at 29.58 Billion Euros. The sector has shown a recovery pattern with moderate growth from 2021 onwards. Over the past five years, the compound annual growth rate (CAGR) averaged -0.18%. The forecast for the next five years indicates a more stabilized growth, with a projected CAGR of 0.34% and an overall growth rate of 1.69% by 2028.
Future trends to watch for include:
- Technical innovations in refining processes to enhance efficiency and reduce emissions.
- Impact of environmental regulations on production and compliance costs.
- Fluctuations in global crude oil prices affecting cost structures and profitability.
- Shift towards renewable energy sources and its impact on the petroleum sector’s demand.
