The plastics products production value in Spain witnessed a generally upward trend from 2013 to 2023, starting at €12.85 billion in 2013 and reaching €15.75 billion in 2023. Despite some fluctuations, the overall growth reflects recovery and expansion phases, particularly after the dip in 2020 due to external disruptions. The year-on-year variation showed substantial growth periods, such as in 2015, 2017, and 2018, while also exhibiting declines during economic uncertainties, with a noticeable downturn in 2020 and modest growth over the subsequent years. The last two years saw variation percentages of 1.1% and 1.08%, indicating stabilization and modest growth. The last 5-year CAGR settled at 0.81%, highlighting a slower yet positive trend.
Looking forward:
- Sustained growth is expected, with forecast values indicating a gradual increase, aiming for €16.57 billion by 2028.
- Future trends to monitor include advancements in recycling technologies, EU regulations impacting production, and shifts towards sustainable materials.
