The fuel oil refinery output in the Netherlands demonstrated an upward spike in 2016, reaching a peak, followed by a general downward trend. Specifically, the tonnage saw significant declines from 2018 onwards. From 2021 to 2023, the output fluctuated around a lower threshold, stabilizing near 92.97 Thousand Gigawatthours in 2023. Year-on-year variations reflect these fluctuations, with the last two years showing a stabilization at modest growth rates. The CAGR over the past five years was almost flat at 0.05%, suggesting minimal annual growth.
Future trends to watch include the impact of environmental regulations on refinery capacities, technological advancements in fuel processing, and shifts in global fuel demand, especially with electrification growing in prominence.
