In the Netherlands, the chemical manufacturing output has experienced significant fluctuations over the past decade, reaching 52.8 billion Euros in 2023. The outputs ranged from a low of 41.0 billion Euros in 2016 to a high of 52.92 billion Euros in 2018. Year-on-year variations have shown both considerable declines and notable increases, with the most substantial drop in 2020 at -14.81% and strong recoveries like 17.09% in 2017. Recent trends indicate a stabilization, with more modest annual changes, such as a 1.17% increase in 2023. The compound annual growth rate (CAGR) over the last five years (2019-2023) has been relatively flat at -0.047%.
Future trends to watch for include:
- Steady growth as forecasted figures suggest a 0.94% CAGR from 2024 to 2028, signaling a more stable and incremental rise in chemical manufacturing outputs.
- Potential impacts of sustainability regulations and green technology adoption which may alter production processes and costs.
- Shifts in global supply chains and market demands, particularly in response to geopolitical developments and advancements in alternative materials.
