In 2023, Germany led the European production of coke and refined petroleum products with a value of €51.03 billion, showing a moderate growth of 0.28% year-on-year. In contrast, Italy saw a 0.95% decline, totaling €38.24 billion. The Netherlands experienced a modest increase of 0.66%, reaching €26.2 billion. Belgium decreased by 2.6% to €22.05 billion. Greece and Estonia, both showing slight negative trends, had values of €14.16 and €0.17741 billion respectively. Finland and Austria, witnessing growth, represented €9.06 and €5.47 billion accordingly.
Future trends to watch include:
- Potential increases in adoption of greener technologies leading to a shift in production patterns.
- Regulatory changes due to EU climate commitments affecting production costs.
- Market expansion in renewable energy sources possibly impacting traditional coke and petroleum dynamics.
- Fluctuations in global crude oil prices influencing production volumes and economic viability.
Top countries in Production Volumes of Coke and Refined Petroleum Products by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 51,030 | 2023 | -0.7% | +0.28% | View data |
| 2 | 2 Italy | 38,240 | 2023 | -1.37% | -0.95% | View data |
| 3 | 3 Netherlands | 26,200 | 2023 | +0.82% | +0.66% | View data |
| 4 | 4 Belgium | 22,050 | 2023 | -1.17% | -2.6% | View data |
| 5 | 5 Greece | 14,160 | 2023 | +1.15% | -0.21% | View data |
| 6 | 6 Finland | 9,060 | 2023 | +1.43% | +0.84% | View data |
| 7 | 7 Austria | 5,470 | 2023 | +1.34% | +0.54% | View data |
| 8 | 8 Estonia | 177.41 | 2023 | -0.15% | -0.25% | View data |
