The polypropylene market in the UK experienced significant fluctuations from 2012 to 2022. Initial years saw a notable decline with volumes dropping from 393.13 million kg in 2012 to 299.88 million kg in 2017. The market briefly rebounded in 2018 and 2019 reaching approximately 341 million kg before dipping again in 2020 to 276.75 million kg, largely due to the operational impacts of the Covid-19 pandemic. Recovery followed in 2021 and 2022 with volumes increasing to 329.03 million kg. In 2023, the market stood at 342 million kg.
Key year-on-year changes over the last two years indicate a moderate rise with an increase of 13.7% in 2021 and 4.57% in 2022. The compound annual growth rate (CAGR) for the last five years stood at approximately 3.62%, showing a tendency towards recovery and stabilization in recent times.
Future trends to watch for include the impact of sustainability initiatives which could lead to innovation in recycling and production processes, alongside the economic effects of post-Brexit trade arrangements and global economic conditions. Consumer demand for polypropylene in packaging and automotive industries could also be a determining factor in future market dynamics.
How does the United Kingdom rank in Polypropylene Market Size Volume?
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,293,900,000 | 2023 | +0.094% | +0.88% | View data |
| 2 | 2 Belgium | 1,172,400,000 | 2023 | +1.38% | -2.43% | View data |
| 3 | 3 Spain | 871,860,000 | 2023 | +4.27% | +0.85% | View data |
| 4 | 4 United Kingdom | 326,900,000 | 2023 | -0.65% | -0.85% | |
| 5 | 5 Portugal | 300,280,000 | 2023 | +3.6% | +5.09% | View data |
| 6 | 6 Hungary | 266,200,000 | 2023 | -0.79% | -1.41% | View data |
