The forecasted sold production of styrene polymers in Spain indicates a gradual decline over the period from 2024 to 2028. In 2023, the sold production stood at 90.065 million kilograms. Compared to this baseline, the forecasted value for 2024 is 87.692 million kilograms, showing a decrease of 2.64%. The downward trend continues with a 2.66% decline to 85.358 million kilograms in 2025, a 2.60% drop to 83.047 million kilograms in 2026, a 2.75% reduction to 80.76 million kilograms in 2027, and finally a 2.81% decline to 78.495 million kilograms in 2028.
The Compound Annual Growth Rate (CAGR) over the five years from 2024 to 2028 is approximately -2.04%, reflecting a consistent annual decrease in sold production.
Future trends to watch for include potential changes in market demand due to advances in recyclable materials, regulatory changes affecting production, and shifts in consumer preferences towards more sustainable alternatives. Additional factors such as potential investments in new technology and production efficiency improvements could also influence future production volumes.
