Key Market Indicators
**Spanish Non-Ferrous Metal Exports Projected to Surge by 2028** Spain's non-ferrous metal export industry is on an upward trajectory, with projections indicating a significant increase from 5.4 million metric tons in 2023 to approximately 6.7 million metric tons by 2028. This represents a robust compound annual growth rate (CAGR) of 3.6%. Since the turn of the millennium, Spain's supply in this sector has experienced a steady annual increase of 2%. In 2023, Spain secured the second position globally, trailing only behind Germany, which also reported exports of 5.4 million metric tons. Other notable countries in this ranking include France and the Netherlands, occupying the third and fourth spots respectively. **Spain's Non-Ferrous Metal Imports Expected to Rise Marginally** On the import front, Spain's non-ferrous metal demand is also on the rise. Imports are anticipated to grow from 9.9 million metric tons in 2023 to about 10.5 million metric tons by 2028, reflecting a modest CAGR of 0.8%. However, since 2000, the country's demand has seen a slight annual decline of 1.2%. Despite this, Spain held the second position in global import rankings in 2023, again behind Germany, which reported imports of 9.9 million metric tons. France and Norway followed Spain in the third and fourth positions respectively. These trends highlight Spain's significant role in the global non-ferrous metal market, both in terms of exports and imports, and underscore the country's ongoing contributions to the industry.
