Forecast: Production in Mining of Metal Ores Sector in Spain

The production in the mining of metal ores sector in Spain has witnessed significant growth from 2014 to 2023, starting at 375.1 million euros in 2014 and reaching 1120.0 million euros in 2023. Key year-on-year variations include a substantial rise of 54.17% in 2017 and a moderate increase of 8.06% in 2021. From 2014 to 2023, the sector experienced fluctuating year-over-year changes, with a notably high CAGR of 19.71% in 2019 compared to the overall CAGR of 11.88% during this period.

Looking ahead, forecasted data from 2024 to 2028 suggest a steady increase in production, with a 5-year forecasted CAGR of 3.31% and an overall 17.69% growth rate over the forecast period.

Future trends to watch for include technological advancements in mining practices, potential regulatory changes, and global demand fluctuations for metal ores, all of which could impact production levels in Spain.