From 2013 to 2017, polypropylene production in the Netherlands was nonexistent. Production surged in 2018 to over 1.1 billion kilograms, followed by a decline in the subsequent years, with figures dropping to approximately 719 million kilograms by 2023. This represents a significant initial increase, then a substantial decrease, and recent stabilization.
Key observations:
- The most drastic reduction occurred between 2018 and 2020, with values falling by over 30% cumulatively.
- In 2021, production saw a minor recovery, with a 1.68% increase year-on-year followed by a 5.27% decrease in 2022.
- The year 2023 showed a slight 1.05% increase, placing production at around 719 million kilograms.
- The last five-year CAGR stands at -8.24%.
Forecasts suggest a stabilization of production levels with marginal growth, projected to be a mere 0.01% CAGR and an overall growth rate of 0.04% from 2023 to 2028.
Future Trends to Watch:
- Fluctuations in global oil prices impacting raw material costs.
- Advances in recycling technologies and increased use of sustainable materials.
- Shifts in market demand influenced by environmental regulations.
