The production in Brazil's coke and refined products sector is projected to grow steadily from 2024 to 2028. The forecasted year-on-year growth rates indicate a consistent upward trend. Compared to 2023, where the production value stood at approximately 426 billion Brazilian Reals, the sector is anticipated to witness annual increases ranging between 3% and 3.4% from 2024 onwards. Over the five-year period, the compound annual growth rate (CAGR) is expected to be approximately 3.2%, demonstrating a robust expansion trajectory.

Future trends to watch for include:

Impact of global oil price fluctuations and Brazil’s refining capacity adjustments.
The sector’s alignment with Brazil’s environmental regulations and transition towards cleaner energy sources.
Potential shifts in consumer preferences impacting domestic and international demand.