The production of polypropylene in primary forms in Germany has seen significant fluctuations over the past decade. The period from 2013 to 2015 recorded no production, but starting in 2016, the production ramped up substantially to over 2 billion kilograms. Despite this initial surge, a gradual decline was observed, with slight year-on-year variations. Specifically, notable declines occurred between 2018 and 2019, as well as a sharper decline in 2022. The production stood at approximately 1.7 billion kilograms in 2023.
Noteworthy year-on-year variations include:
- 2017: -1.24%
- 2018: -3.22%
- 2019: -0.51%
- 2020: +0.088%
- 2021: -0.55%
- 2022: -11.57%
- 2023: +0.075%
The average annual variation (CAGR) over the last five years leading up to 2023 was approximately -2.61%. However, the forecast for the period from 2024 to 2028 indicates stability, with a very modest forecasted 5-year CAGR of 0.01% and an equally modest forecasted 5-year growth rate of 0.04%.
Future trends to watch for include technological advancements in production processes, shifts in market demand, and regulatory changes which could impact production efficiency and volume. Additionally, monitoring global economic conditions will be crucial, as they can significantly influence production output and demand for polypropylene in Germany.
