Based on the forecasted data for the import of motor vehicle parts and accessories to Spain from 2024 to 2028, the value is projected to rise steadily from 636.13 million kilograms in 2024 to 730.08 million kilograms in 2028.
In 2023, the import volume was recorded at 612 million kilograms. Comparatively, this indicates a consistent year-on-year growth approximately as follows:
• 2024: 3.9%
• 2025: 3.7%
• 2026: 3.6%
• 2027: 3.4%
• 2028: 3.3%
The Compound Annual Growth Rate (CAGR) over the last five years is approximately 3.6%.
Regarding future trends, it's essential to watch technological advancements in the automotive sector, changes in trade policies, and shifts in global supply chains, which could significantly impact import volumes. The increased integration of electric vehicle components could also be a pivotal factor in future dynamics.
