The synthetic fibers market in Poland demonstrated considerable growth from 2012 to 2022. Beginning with a value of 413.7 million Euros in 2012, the market saw a series of fluctuations, peaking at 572.01 million Euros in 2018. The market faced a decline in 2015, 2019, and 2020. Despite these downturns, the compound annual growth rate (CAGR) from 2017 to 2022 highlights a shift in market dynamics with an overall sluggish growth. Specific details include:
- 2012 to 2013: 6.88% increase
- 2013 to 2014: 8.13% increase
- 2014 to 2015: -1.29% decrease
- 2015 to 2016: 12.29% increase
- 2016 to 2017: 6.07% increase
- 2017 to 2018: 1.77% increase
- 2018 to 2019: -4.76% decrease
- 2019 to 2020: -8.94% decrease
- 2020 to 2021: 13.01% increase
- 2021 to 2022: -0.59% decrease
The average annual growth rate from 2017 to 2021 exhibits a positive trend of approximately 1.13% per year. However, the two most recent years recorded modest declines.
Looking forward to 2024 and beyond, the key trends to monitor include the market's response to sustainable practices, advancements in fiber technology, and the impact of global economic conditions on demand. Policymaking around environmental sustainability will likely also play a crucial role in shaping the market's future trajectory.
How does Poland rank in Synthetic Fibers Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,556,200,000 | 2023 | -2.53% | -3% | View data |
| 2 | 2 Italy | 1,541,400,000 | 2023 | -0.13% | +2.54% | View data |
| 3 | 3 Spain | 609,930,000 | 2023 | +0.27% | +4.32% | View data |
| 4 | 4 United Kingdom | 606,290,000 | 2023 | +1.12% | +0.7% | View data |
| 5 | 5 Poland | 593,840,000 | 2023 | +3.35% | +0.75% | |
| 6 | 6 France | 517,880,000 | 2023 | -0.36% | +0.00051% | View data |
| 7 | 7 Portugal | 279,560,000 | 2023 | +3.83% | +4.18% | View data |
