The basic metals and fabricated metal products manufacturing output in Spain has experienced fluctuations over the past decade. Between 2013 and 2023, the values varied from a low of 57.17 billion euros in 2016 to a peak of 79.56 billion euros in 2021. The year 2023 saw a moderate increase of 6.84% to reach 74.2 billion euros. The sector has, on average, seen a modest annual growth rate of 0.88% over the past five years, though it's been marked by significant yearly variance influenced by economic conditions and external factors.

The forecast up to 2028 indicates a positive outlook, projecting growth to 87.94 billion euros. The average annual growth rate (CAGR) for the next five years is expected to be 2.69%, suggesting a steady recovery and expansion of the sector.

Future trends to watch for include:

The impact of environmental regulations and a shift towards sustainable manufacturing practices.
Technological advancements and automation in the metals industry.
Global economic conditions and their effect on demand for metal products.
Potential supply chain disruptions and their mitigation.