The Propylene Polymers Market in Belgium has demonstrated significant fluctuations in volume over the past decade. Starting from a value of 902.11 million kilograms in 2012, the market saw several ups and downs, finally resting at 626.83 million kilograms by 2022. Notably, after a peak in 2012, there was a general declining trend, with intermittent periods of slight recovery. The steepest year-on-year drop occurred in 2019 with an 18.25% decline. Recent years followed a steady downward trend, with the last two years showing a decrease of approximately 2.5% each. Over the last five years, the CAGR reflects an overall contraction at about 7% per year.
Looking forward, key trends to monitor include advancements in sustainable production processes, regulatory impacts on plastic use, and potential shifts in consumer demand influenced by the global push towards green and eco-friendly materials. These factors could reshape the trajectory of the propylene polymers market in Belgium.
How does Belgium 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% | |
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 |