The production of Ethylene Glycol in Germany showed significant fluctuations from 2013 to 2023. Despite no production from 2013 to 2015, it peaked in 2017 and faced a significant decline by 2020. By 2023, it was at 198,850,000 Kilograms, showing slight recovery. Year-on-year variations were quite volatile, with a notable 37.89% drop in 2020 followed by a 34.82% increase in 2021.
Key trends and data points:
- 2017: Production increased by 3.64%.
- 2018: A decrease of 6.1%.
- 2019: Minimal decline of 0.68%.
- 2020: A dramatic drop of 37.89%.
- 2021: Recovery with a 34.82% increase but a 5-year CAGR of -4.14%.
- 2022: Decline of 23.24% with a 5-year CAGR of -9.73%.
- 2023: Marginal growth of 2.13% and a CAGR of -8.2%.
Future trends to watch for include stabilization of production levels and a negligible forecasted growth with a 5-year CAGR of 0.01% and a 5-year growth rate of 0.04%. It’s crucial to monitor market demand, geopolitical developments, and technological advancements affecting production processes and efficiency.
