The Polyvinyl Chloride (PVC) market in Portugal has experienced a notable contraction over recent years. In 2023, the PVC market volume stood at 81.264 million kilograms. The market faced consistent declines from 2019 onwards, reaching its peak in previous years. The year-on-year change for 2023 marked a -6.73% decrease, and the Compound Annual Growth Rate (CAGR) over the last five years indicated a steady decline at -5.48% annually. Historically, the market enjoyed growth until 2018 but struggled with continuous reductions thereafter.
Future trends to watch for include:
- Potential stabilization as industries adapt to declining trends and environmental concerns.
- Shifts in construction and automotive sectors, influential users of PVC, impacting demand positively or negatively.
- Innovations in recycling and sustainable production methods possibly cushioning market declines.
- Regulatory developments that could further influence market dynamics, necessitating strategic adjustments.
| # | 6 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 603,420,000 | 2023 | -0.53% | -0.9% | View data |
| 2 | 2 France | 459,330,000 | 2023 | -2.05% | -2.04% | View data |
| 3 | 3 Portugal | 81,264,000 | 2023 | -6.73% | -5.48% | |
| 4 | 4 Hungary | 74,443,000 | 2023 | +1.33% | +2.11% | View data |
| 5 | 5 Greece | 26,419,000 | 2023 | +0.4% | +1.22% | View data |
