The Non-Expansible Polystyrene market in Hungary, as measured in volume terms, stood at 20.241 million kilograms in 2023, reflecting a marginal year-on-year decline of 1.09%. Over the past decade, the market witnessed substantial fluctuations, with notable contractions in 2016 and 2020. The compound annual growth rate over the past five years was -0.4%, indicating a slight downwards trend.
Future trends to watch for include:
- Potential recovery influenced by industrial demand restoration and technological advancements.
- Environmental regulations may enforce shifts towards sustainable alternatives, potentially impacting market dynamics.
- Emerging opportunities through innovation in recycling processes and applications in various industries.
How does Hungary rank in Non-Expansible Polystyrene Market Size Volume?
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 341,030,000 | 2023 | -1.21% | -1.92% | View data |
| 2 | 2 Poland | 87,383,000 | 2023 | +2.34% | +1.61% | View data |
| 3 | 3 Portugal | 60,133,000 | 2023 | -0.51% | -3.68% | View data |
| 4 | 4 Spain | 48,720,000 | 2023 | -5.09% | -5% | View data |
| 5 | 5 Finland | 24,721,000 | 2023 | +2.2% | +1.22% | View data |
| 6 | 6 Hungary | 20,241,000 | 2023 | -1.09% | -0.4% | |
| 7 | 7 Denmark | 7,171,200 | 2023 | -5.63% | -5.46% | View data |
