The polypropylene market volume in Portugal has shown notable fluctuations over the past decade, with consistent growth in the latter years despite some yearly declines. In 2023, the market reached a volume of 300.28 million kilograms. Recent trends from 2022 to 2023 indicate a steady expansion, with a year-on-year growth of 3.6%. Over the past five years, the market exhibited a compound annual growth rate (CAGR) of 5.09%, reflecting a resilient demand pattern.
Future trends to watch for include:
- Potential impact of green initiatives and recycling regulations on the polypropylene market.
- Technological advancements affecting production efficiencies and material properties.
- Robust demand from emerging sectors such as electric vehicles and renewable energy.
How does Portugal rank in Polypropylene Market Size Volume?
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,293,900,000 | 2023 | +0.094% | +0.88% | View data |
| 2 | 2 Belgium | 1,172,400,000 | 2023 | +1.38% | -2.43% | View data |
| 3 | 3 Spain | 871,860,000 | 2023 | +4.27% | +0.85% | View data |
| 4 | 4 United Kingdom | 326,900,000 | 2023 | -0.65% | -0.85% | View data |
| 5 | 5 Portugal | 300,280,000 | 2023 | +3.6% | +5.09% | |
| 6 | 6 Hungary | 266,200,000 | 2023 | -0.79% | -1.41% | View data |
| 7 | 7 Denmark | 125,320,000 | 2023 | +1.55% | -1.22% | View data |
