The production of Coke and Refined Petroleum Products in the UK is forecasted to grow steadily from 2024 to 2028. Starting at 31.38 billion pounds sterling in 2024, it is projected to increase to 32.37 billion pounds sterling by 2028. This indicates a year-on-year percentage increase of approximately 0.83% from 2025 to 2026, 0.75% from 2026 to 2027, and 0.74% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is estimated at 0.78%.
In 2023, the production value stood at 31.15 billion pounds sterling, reflecting a slight decrease of 0.72% compared to the forecasted figures of 2024. This consistent growth pattern underscores a stable upward trend in the production of these products in the UK.
Future trends to watch for include potential impacts of regulatory changes on carbon emissions, advancements in refining technologies, and fluctuations in global oil prices which could influence production costs and capacities.
