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AMI: New dataset - Tough year for polymer demand but underlying differences are strong

1:26 min Facts & FiguresEurope
Bristol, United Kingdom

A new dataset from AMI Consulting shows the challenges facing the European plastics industry in 2022 and through to 2027. It covers all of Europe including Russia and former CIS countries.

GDP forecasts for 2022 still look quite healthy. The IMF in its October update forecast 2.6% growth for Europe in 2022, a figure that would be higher if Russia and Ukraine were excluded. Advanced Europe is expected to grow 3.2%.

However, the virgin polymer market looks less healthy with AMI forecasting a 0.4% decline in plastic consumption. This headline number hides wide differences between polymers, between processes, between countries and between applications.

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