From 2013 to 2023, the synthetic fibers market in Poland showed significant growth with periodic fluctuations. The market grew from 442.14 million Euros in 2013 to 593.84 million Euros in 2023. There was strong growth from 2013 to 2021, except for a notable decline in 2015, 2019, and 2020. The market saw recovery and consistent growth in the subsequent years.
The year-on-year growth for 2023 was 3.35%. The Compound Annual Growth Rate (CAGR) over the last 5 years, including 2023, stands at approximately 0.75%. Moving forward, the market is forecasted to grow at a 2.32% CAGR from 2024 to 2028, indicating a sustained, if moderate, expansion trend.
Future trends to watch for include advancements in synthetic fiber technologies, sustainable fiber initiatives, and potential impacts of economic policies in the EU affecting production costs and market demand in Poland.
