The forecast for the import of petroleum bitumen to Spain from 2024 to 2028 shows a slight yet consistent decline. Starting at 55.572 million USD in 2024, it gradually decreases to 55.047 million USD by 2028. In 2023, the import value stood at 55.572 million USD. The year-on-year variation shows a decrease of around 0.24% from 2024 to 2025, 0.24% from 2025 to 2026, 0.23% from 2026 to 2027, and 0.23% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is approximately -0.29%.
Future trends to watch for include potential impacts of regulatory changes on bitumen imports, shifts in global oil prices, and the increasing adoption of sustainable and alternative materials which could further affect the demand and import levels of petroleum bitumen in Spain.
