The market size for unsaturated acyclic hydrocarbons in Belgium decreased consistently from 2013 to 2016. It experienced a slight recovery in 2017 and 2018, indicating brief market stabilization. However, a significant dip occurred in 2019 and 2020, attributed to global market disruptions. A moderate increase in 2021 and 2022 suggested renewed market demand, but 2023 saw a slight decrease. The year-on-year change was mostly negative, with an average annual decline of 4.28% over the last five years, indicating a downward trend in market volume.
Future trends to watch for include potential recovery influenced by technological advancements in chemical production or shifts in demand due to regulatory changes prioritizing greener alternatives. Additionally, market adjustments could arise from economic developments impacting petrochemical investments in Europe.
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 353,920,000 | 2023 | +2.32% | -0.003% | View data |
| 2 | 2 Belgium | 303,730,000 | 2023 | -2.5% | -4.28% | |
| 3 | 3 France | 87,369,000 | 2023 | -4.04% | -3.04% | View data |
| 4 | 4 Germany | 52,271,000 | 2023 | -1.41% | -1.5% | View data |
| 5 | 5 Austria | 9,103,100 | 2023 | -0.17% | -1.09% | View data |
