Market Size of Gabon Oil and Gas Downstream Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 0.11 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Gabon Oil and Gas Downstream Market Analysis
The Gabon oil and gas downstream market is expected to witness a CAGR of more than 0.11% during the forecast period.
The market was negatively impacted by COVID-19. Presently the market has now reached pre-pandemic levels.
- Over the long term, increasing consumption of petroleum products is expected to boost the demand for the market studied during the forecast period.
- On the other hand, oil production has been reducing steeply over the past few years, which, in turn, is expected to hurt the refinery sector in the country in the future. The decreasing oil production in the country is expected to restrain the market in the forecast period, as it directly affects the throughput capacity of the refining sector in the country.
- Nevertheless, an increase in demand for refined petroleum products in the country is expected to boost the demand for new refineries, which, in turn, is likely to create opportunities for the companies operating in the industry.
