The output of refined petroleum products and coke in France has been forecasted to exhibit a steady decline from 2024, with values dropping from 23.18 billion Euros to 13.6 billion Euros by 2028. This decrease highlights a significant downward trend in the industry, with a forecasted Compound Annual Growth Rate (CAGR) indicating an average annual decline over this period. Year-on-year percentage reductions are observed across each consecutive year, underlining a persistent contraction in the market.
Future trends to watch for include:
- Transition towards renewable energy sources, potentially accelerating the decline in traditional petroleum output.
- Government policy shifts encouraging green energy alternatives.
- Technological advancements in refining processes that may affect production efficiency.