The Finnish polyester tow and staple market grew from 20.626 million euros in 2013 to 29.851 million euros in 2023, exhibiting a varied growth trend over the decade. The year-on-year variations highlight volatility, with significant increases in 2015, 2016, and 2018, and contractions in 2017, 2019, and 2020. The compound annual growth rate (CAGR) for the last five years stands at a modest 0.48%, indicating a slow growth trajectory.
Future trends to watch for include:
- Technological advancements aimed at increasing polyester recycling efficiency.
- Rising demand for sustainable textile materials.
- Potential impacts of global economic fluctuations on raw material prices.
