Denmark's motor gasoline refinery output (excluding biofuel) in 2023 stood at 26.34 Thousand Gigawatthours. Analyzing the data from 2013 through 2023, there are noticeable yearly fluctuations with the output peaking in 2015 at 28.41 Thousand Gigawatthours and a significant decline in 2016. Recent years have seen modest annual increases, with a year-on-year variation of 0.72% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was -0.22%, reflecting a slight downward trend in this period.
Looking forward, the forecasted data from 2024 to 2028 suggests a stable and slight upward trend. The forecasted CAGR for the next five years is 0.54%, with an expected growth rate of 2.75% over the same period. By 2028, the output is projected to reach 27.25 Thousand Gigawatthours, indicating a controlled and steady increase from 2023 levels.
Future trends to watch for include potential advancements in refining technology, changes in regulatory policies regarding biofuel integration, and shifts in consumer demand influenced by economic and environmental factors. These elements could further impact the refinery output either positively or negatively.
