The output of refined petroleum products and coke in Brazil has seen significant growth from 2013 to 2023, increasing from 319.08 to 537.32 billion Brazilian Reals. The year-on-year variations indicate dynamic shifts, with notable increases of 14.33% in 2014, 19.73% in 2018, and 10.79% in 2021. Meanwhile, some downturns occurred in 2016 and 2020 with decreased values of -1.37% and -5.24% respectively. 2023 recorded a modest year-on-year growth of 4.27%. The compound annual growth rate (CAGR) over the last five years until 2023 stood at 3.73%.
From 2024 onwards, the forecasted data suggests a steady upward trajectory, with a projected value of 643.99 billion Brazilian Reals by 2028. The forecasted 5-year CAGR is anticipated to be 2.87%, reflecting a steady growth rate of 15.19% over the period.
Future trends to watch include the impact of changes in global oil prices, advancements in refining technology, and Brazil's energy policy shifts toward sustainability and renewable energy sources. Furthermore, potential economic fluctuations within Brazil could also influence the output of refined petroleum products and coke.
