The market for twines of polyethylene, polypropylene, nylon, and other polyesters in Portugal has shown a steady growth over the last decade, reaching a volume of 10.82 million kilograms in 2023. From a low of 7.1085 million kilograms in 2015, the market experienced varying growth rates but showed strong upward momentum over the past five years with a compound annual growth rate (CAGR) of 5.98%. In recent years, this market witnessed consistent growth, registering a year-on-year increase of 5.64% in 2023.
Looking ahead, key trends to monitor would include the role of technological advancements in twine production, environmental regulations influencing material selection, and shifts in demand driven by industries such as agriculture and fishing. Market participants should also keep an eye on potential supply chain disruptions that could impact production and distribution.
