The Hungarian plastics market has demonstrated significant fluctuations with noticeable growth over the last decade. In 2023, the market size stood at 1,140.3 million kilograms. The market experienced a strong rebound post-2015, peaking in 2022 and continuing growth in 2023. Over the last five years, the CAGR was moderate at 2.33%, showing steady expansion. Year-on-year growth from 2021 to 2023 was relatively stable, with minor increment rates indicating a mature market phase.
Future trends to watch include:
- Increasing demand for sustainable plastics driven by regulatory changes.
- Advancements in recycling technologies that may impact market volumes.
- Economic factors influencing production costs and consumer behavior.
How does Hungary rank in Plastics Market Size Volume?
| # | 14 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 11,070,000,000 | 2023 | +1.5% | +1.24% | View data |
| 2 | 2 France | 5,987,000,000 | 2023 | +0.094% | -0.98% | View data |
| 3 | 3 Spain | 3,829,200,000 | 2023 | -0.79% | +2.24% | View data |
| 4 | 4 United Kingdom | 2,985,000,000 | 2023 | -1.42% | -1.71% | View data |
| 5 | 5 Romania | 1,202,000,000 | 2023 | +2.76% | +2.36% | View data |
| 6 | 6 Hungary | 1,140,300,000 | 2023 | +3.27% | +2.33% | |
| 7 | 7 Portugal | 1,071,900,000 | 2023 | +1.15% | +2.03% | View data |
| 8 | 8 Bulgaria | 663,750,000 | 2023 | +4.55% | +5.46% | View data |
