The value added of refined petroleum products and coke in Germany shows a volatile trend from 2013 to 2023, with significant fluctuations. In 2023, the value stood at 5.8 billion euros. Key variations include sharp drops in 2014 and 2020, and notable increases in 2015 and 2021. The average annual variation (CAGR) over the last five years is 3.19%. The projections from 2024 to 2028 indicate a steady growth trend with a forecasted five-year CAGR of 1.61%.
Future trends to watch for include changes in global oil prices, shifts in energy policies toward renewables, and advancements in refining technologies. Additionally, monitoring the impact of geopolitical developments and regulatory changes will be crucial for forecasting further industry advancements.
