Key Market Indicators
Spanish Metal Products Sales are projected to decline significantly over the next five years. The market is expected to drop to approximately €6.5 billion by 2028, down from €9.8 billion in 2023. This represents an average annual decrease of 6.6%. Since 2013, the Spanish market has experienced a year-on-year decline of 2.4%. In 2023, Spain ranked sixth in metal product sales, with the United Kingdom surpassing it at around €9.8 billion. Italy, France, and Poland followed as the second, third, and fourth largest markets, respectively. Contrarily, Spanish Metal Products Exports are on an upward trajectory. Exports are anticipated to reach roughly $1.4 billion by 2028, up from about $1.26 billion in 2023. This growth reflects an average annual increase of 1.8%. Since 1994, Spain's supply has grown by an average of 2.4% each year. Similarly, Spanish Metal Products Imports are expected to rise. Imports are forecast to reach around $1.52 billion by 2028, up from $1.39 billion in 2023, indicating an average annual growth rate of 1.4%. Spain's demand for metal products has been increasing at an average annual rate of 1.4% since 1994.
