Analysis of the Forecast: The sold production of ethylene polymers in Spain in 2023 stood at 1181.0 million kilograms. Over the past decade, the production experienced fluctuations with notable increases from 2013 to 2017, followed by a decline in subsequent years. The last two years saw a negative variation year-on-year percentage, with a 0.85% decrease in 2023 compared to 2022. Over the last five years, the compound annual growth rate (CAGR) averaged -1.39%, indicating a general downward trend.
Trends to Watch For:
- The forecast for the next five years suggests a continued slight decline in production, with a forecasted 5-year CAGR of -0.68% and a growth rate of -3.36% by 2028.
- Monitor changes in global and local market demand, advancements in production technology, and shifts in regulatory policies that may impact production levels.
