Gypsum production in Spain, measured in million metric tons, has seen a consistent decline from 2013 until 2023. Specifically, in 2023, it stood at 5.51 million metric tons, representing a 3.26% decrease from the previous year. The annual decline over the last five years, noted as the Compound Annual Growth Rate (CAGR), stood at -3.18%.
From the forecasted data starting from 2024, a continued gradual decline is expected through 2028, with an annual average decrease (forecasted CAGR) of -3.07%, leading to an overall forecasted reduction of 14.43% in production over the five years.
Future Trends to Watch For:
- Potential impacts of environmental regulations and policies on gypsum mining and production.
- Technological advancements in gypsum extraction and processing that could affect production efficiency.
- Market demand dynamics affected by trends in the construction industry and alternative materials.
