The German market for sodium hydroxide in aqueous solution experienced fluctuations from 2013 to 2023. Initially valued at 652.6 million Euros in 2013, there was a notable decline in 2014, followed by periods of recovery and growth. Significant increases were observed in 2018 and 2022, achieving a value of 841.88 million Euros by 2023. The most recent data for 2023 shows a year-on-year growth of 4.78%, with a forecasted steady increase for the following years. The last five years have indicated an average annual growth (CAGR) of -0.2%.
Future trends to watch for include consistent, modest growth forecasted through 2028, driven by demand stability and market adjustments. The forecasted 5-year growth rate of 0.64% reflects a consistent uptrend in the market. Key factors influencing this trend may include industrial demand, regulatory changes, and advancements in production technology.
- 2013 - 6.08% YOY, 2.04% CAGR
- 2014 - -23.65% YOY, 1.85% CAGR
- 2015 - 4.9% YOY, 3.6% CAGR
- 2016 - -0.1% YOY, 0.58% CAGR
- 2017 - 18.25% YOY, 0.072% CAGR
- 2018 - 37.71% YOY, 5.43% CAGR
- 2019 - -2.68% YOY, 10.68% CAGR
- 2020 - -18.77% YOY, 5.16% CAGR
- 2021 - -3.24% YOY, 4.49% CAGR
- 2022 - 23.54% YOY, 5.41% CAGR
- 2023 - 4.78% YOY, -0.2% CAGR
Forecast
- 2028 - 0.64% forecast 5-year CAGR, 3.22% forecast 5-year growth rate
