Industry revenue of »manufacture of refined petroleum products« in Poland 2011-2023

Mirroring the trend in countries such as Greece, Austria, Portugal, and Romania to name a few, the revenues of the Polish refined petroleum products manufacturing industry are projected to decline from 39.5 billion U.S. dollars in 2011 to 13.9 billion U.S. dollars by 2023. Amongst key reasons include the decline in hard coal production, coal mining, and a rise in crude oil and natural gas imports. In fact, over 75 percent of the domestic production in the oil and gas sector is imported, with Russia, Saudi Arabia, Iraq, and Iran being amongst the leading trade partners.

Additionally, demand for fossil fuels such as diesel and petrol is witnessing a decline in majority of the sectors, including automobile, owing to the growing government and environment policies encouraging the use of renewable energy sources and the increasing popularity of electric cars. In fact, the number of electric cars have nearly doubled from 2033 in 2018 to 4003 in 2019.

Industry revenue of »manufacture of refined petroleum products« in Poland from 2011 to 2023

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Poland. The industry “manufacture of refined petroleum products“ has the code “C192“.

Details on the methodology can be found here.

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