The turnover in the refined petroleum products sector in Poland has experienced significant fluctuations from 2013 to 2023. The sector saw a notable decline from 2013 to 2016, with drops in turnover in most years, reaching a low in 2016. However, a recovery began in 2017, peaking again in 2019. Despite the impact of the COVID-19 pandemic leading to significant dips in 2020 and 2021, the sector stabilized and showed gradual growth in 2022 and 2023, standing at 128.27 Billion Zloty in 2023.
Key trends:
- Year-on-year decline in 2013-2016.
- Strong recovery from 2017 to 2019.
- Significant dip due to the pandemic in 2020 and 2021.
- Gradual growth resumption from 2022 onwards.
- 5-year CAGR indicates modest average growth per year over the last five years.
Future trends to watch for include potential impacts of global energy transition policies, technological advancements in refining processes, and fluctuations in crude oil prices. Market players should also keep an eye on geopolitical developments and regulatory changes that could further impact the sector’s stability and growth prospects.
