Forecast: Gas Oil and Diesel Oil (Excluding Biofuel Portion) Refinery Output in Spain

Spain's Gas Oil and Diesel Oil refinery output, measured in thousand gigawatt-hours, has demonstrated fluctuations over the past decade, hitting a low in 2020 with a sharp decline of 10.24% year-on-year, likely influenced by the global pandemic. Recovery was seen with an 11.21% year-on-year increase in 2022, and a steady 3.7% rise in 2023, marking the output at 333.15 thousand gigawatt-hours. The last 5-year CAGR stands at 0.53%, indicating a moderate growth rate.

Expected future trends (2024-2028):

• Refinery output is forecasted to increase consistently, reaching 358.19 thousand gigawatt-hours by 2028.• The 5-year forecasted CAGR is 1.15%, reflecting a stable growth trajectory.• Annual growth rates are projected, with incremental increases each year.

Future trends to watch for include the impact of global energy transition policies, potential advancements in refinery technologies, and changes in domestic and international demand for fossil fuels. Monitoring these factors will be crucial for understanding the long-term sustainability and strategic planning for Spain's refinery output.

Top Countries about Enhanced Oil Recovery