The year 2020 witnessed a global Covid pandemic and the biggest GDP reduction since the Great Depression of 1929. Of course, Chemicals & Plastics (C&P) have also been affected globally, but there is no public data available yet for the year.
The current public health crisis due to COVID-19 has impacted not only people’s lives but also businesses around the globe. The demand in most sectors has shrunk, and with supply and demand unbalanced, the price of most products has been affected. With less demand, most products have seen price decreases, but there are exceptions.