The Hungarian polypropylene market has experienced fluctuations over the past decade, with a market size value decrease from 527.29 Million Euros in 2013 to 463.33 Million Euros in 2023. Significant impacts occurred in 2016 and 2019, with notable declines. Year-on-year values showcase diverse, inconsistent variation patterns, with a steep decrease of 13.98% in 2016 and smaller declines leading up to 2023's 1.3% decrease. Over the last five years, the compound annual growth rate (CAGR) averaged -2.11%, reflecting a general downturn.
Future trends to watch for include:
- Innovation in sustainable polypropylene production, catering to environmental consciousness.
- Impact of regulatory changes and trade policies within the EU on the local market.
- Shifts in consumer demand driven by advancements in packaging and automotive industries.
How does Hungary rank in Polypropylene Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,493,600,000 | 2023 | +6.36% | +6.14% | View data |
| 2 | 2 France | 1,591,200,000 | 2023 | -1.82% | -2.15% | View data |
| 3 | 3 Spain | 1,536,700,000 | 2023 | +2% | +1.78% | View data |
| 4 | 4 United Kingdom | 553,840,000 | 2023 | -1.02% | -2.4% | View data |
| 5 | 5 Hungary | 463,330,000 | 2023 | -1.3% | -2.11% | |
| 6 | 6 Portugal | 458,540,000 | 2023 | +3% | +3.63% | View data |
| 7 | 7 Sweden | 222,670,000 | 2023 | +5.37% | +4.73% | View data |
