The export volume of Polypropylene from Spain displayed fluctuating growth trajectories from 2013 to 2023. Starting at 343.08 million kilograms in 2013, it reached 447.38 million kilograms in 2023. Year-on-year variation highlights periods of both decline and recovery, with notable dips in 2020. The overall trend over the longer term shows moderate growth, particularly from 2016 onwards.
Notable year-on-year changes:
- 2014: 0.46%
- 2015: 7.65%
- 2016: 8.59%
- 2017: 4.35%
- 2018: -0.29%
- 2019: 1.4%
- 2020: -15.88%
- 2021: 15.95%
- 2022: 6.59%
- 2023: 1.22%
The Compound Annual Growth Rate (CAGR) from 2018 to 2023 averaged 1.31%. For the forecast period from 2024 to 2028, a modest CAGR of 0.98% is expected, projecting steady but moderate growth.
Future trends to watch for include potential fluctuations in global demand for polypropylene, technological advancements in production, and policy changes affecting export markets which can significantly impact the growth trajectory.
