In Lithuania, the propylene polymers market showed fluctuations between 2013 and 2023, peaking at 41.225 million euros in 2018 and hitting a low of 32.051 million euros in 2020. In recent years, from 2022 to 2023, the market exhibited moderate recovery with a 1.08% year-on-year increase, standing at 39.919 million euros. Over the past five years, the compound annual growth rate (CAGR) has been slightly negative, indicating stagnation in market growth.
Future trends to watch:
- Potential impacts of sustainability initiatives and regulations on propylene polymers demand.
- Technological advancements increasing industry efficiency and innovation.
- Shifts towards bio-based propylene polymers potentially gaining traction amidst environmental concerns.
How does Lithuania rank in Propylene Polymers Market Size Value?
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,506,900,000 | 2023 | +2.62% | +2.25% | View data |
| 2 | 2 United Kingdom | 1,466,700,000 | 2023 | +0.11% | -0.58% | View data |
| 3 | 3 Czech Republic | 1,374,800,000 | 2023 | +3.61% | +3.83% | View data |
| 4 | 4 Hungary | 424,760,000 | 2023 | +2.23% | -2.17% | View data |
| 5 | 5 Sweden | 406,660,000 | 2023 | +1.41% | +2.03% | View data |
| 8 | 8 Ireland | 95,290,000 | 2023 | -0.18% | -0.78% | View data |
| 9 | 9 Croatia | 65,402,000 | 2023 | +3.16% | +3.17% | View data |
| 10 | 10 Lithuania | 39,919,000 | 2023 | +1.08% | -0.64% | |
