The Polyvinyl Chloride (PVC) market in Hungary experienced fluctuations from 2013 to 2023, starting at 86.506 million Euros in 2013 and reaching 105.91 million Euros in 2023. The year-on-year variations showcased volatility, with significant increases in 2017 and 2021, and a downturn in 2020. Recent years, 2022 and 2023, displayed moderate growth of around 2.73% and 2.84% respectively. The Compound Annual Growth Rate (CAGR) over the last five years is approximately 2.56%, reflecting a steady upward trend.
Future trends to watch include:
- Potential impacts from technological advancements in production.
- Shifts in demand due to sustainable alternatives and regulations.
- Global economic factors influencing raw material costs and market dynamics.
How does Hungary rank in Polyvinyl Chloride Market Size Value?
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,074,300,000 | 2023 | +0.88% | -3.57% | View data |
| 2 | 2 Italy | 741,620,000 | 2023 | +0.099% | -0.64% | View data |
| 3 | 3 Portugal | 131,170,000 | 2023 | +1.67% | +0.19% | View data |
| 4 | 4 Hungary | 105,910,000 | 2023 | +2.73% | +2.56% | |
| 5 | 5 Greece | 30,704,000 | 2023 | -0.00097% | +1.44% | View data |
