The propylene polymers market in Hungary reached 245.37 million kilograms in 2023. Over the years, the market experienced fluctuations, with notable growth between 2013 to 2016, a decline from 2017 to 2020, and recovery from 2021 onwards. The five-year compound annual growth rate up to 2023 shows a slight decline, indicating the market has struggled to sustain growth recently. However, there's a steady year-on-year increase in the last two years.
Future trends to watch for include:
- Technological advancements in polymer processing and applications.
- Government policies impacting production and sustainability efforts.
- Market demand shifts towards eco-friendly and sustainable materials.
- Potential supply chain disruptions affecting raw material availability.
How does Hungary rank in Propylene Polymers Market Size Volume?
| # | 13 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,269,100,000 | 2023 | +0.36% | +0.2% | View data |
| 2 | 2 Spain | 873,550,000 | 2023 | +4.18% | +0.95% | View data |
| 3 | 3 Belgium | 673,820,000 | 2023 | -2.83% | -4.01% | View data |
| 4 | 4 Czech Republic | 646,710,000 | 2023 | +3.57% | +1.07% | View data |
| 5 | 5 Portugal | 393,960,000 | 2023 | +3.49% | +4.43% | View data |
| 6 | 6 Hungary | 245,370,000 | 2023 | +2.43% | -0.06% | |
| 7 | 7 Sweden | 220,160,000 | 2023 | +1.48% | +0.95% | View data |
| 8 | 8 Denmark | 166,970,000 | 2023 | +1.45% | +1.21% | View data |
