The sold production of polypropylene in primary forms in Spain peaked in 2021 with 1.3916 billion Euros, showing significant year-on-year variation of 47.47%. This drastic upsurge was followed by a decline in 2022, with values reducing to 1.1225 billion Euros. In 2023, there was a moderate rebound to 1.1834 billion Euros, marking a year-on-year increase of 5.43%. Over a five-year period leading to 2023, the CAGR was slightly negative at -0.82%.
Forecasted data from 2024 onward suggests a steady increase, with a projected value of 1.2667 billion Euros by 2028, reflecting a forecasted five-year CAGR of 1.08%.
Future trends to watch include the adoption of more advanced production techniques, potential shifts in global supply chains, and sustainability initiatives that could affect polypropylene demand and production costs.
