In 2023, the ethylene polymers market in Bulgaria reached a value of 150.95 million Euros. Over the last two years, the market experienced a year-on-year growth of 21.05% in 2022 and 3.88% in 2023, indicating recovery after a decline in 2019 and 2020. Over the last five years, the compound annual growth rate (CAGR) stands at 0.54%, reflecting modest growth amid market fluctuations. Key years of decline were 2019 and 2020, with -13.01% and -10.39% respectively, affecting the longer-term upward trend.
Future trends to be aware of include:
- Potential advancements in bio-based ethylene options, which might alter market dynamics.
- Regulatory changes concerning plastic production and environmental policies.
- Technological innovations that could lead to efficiency gains in production.
- Global supply chain adjustments impacting raw material availability.
- Economic developments in the EU that may influence demand for ethylene polymers.
How does Bulgaria rank in Ethylene Polymers Market Size Value?
| # | 15 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,053,100,000 | 2023 | -0.43% | -0.75% | View data |
| 2 | 2 Italy | 3,018,700,000 | 2023 | +0.44% | -4.86% | View data |
| 3 | 3 France | 1,737,100,000 | 2023 | -1.16% | -1.9% | View data |
| 4 | 4 Spain | 1,704,300,000 | 2023 | +0.84% | +1.29% | View data |
| 5 | 5 Poland | 1,541,900,000 | 2023 | +3.65% | +1.85% | View data |
| 10 | 10 Slovakia | 210,700,000 | 2023 | +0.19% | -0.5% | View data |
| 11 | 11 Croatia | 169,180,000 | 2023 | +0.22% | -0.44% | View data |
| 12 | 12 Bulgaria | 150,950,000 | 2023 | +3.88% | +0.54% | |
| 13 | 13 Lithuania | 129,670,000 | 2023 | +1.23% | -0.36% | View data |
| 14 | 14 Slovenia | 100,610,000 | 2023 | +1.1% | +2.09% | View data |
