Based on the data provided, the sold production of rubber products in Spain is expected to show a declining trend over the forecast period from 2024 to 2028. The following year-on-year percentage variations highlight a consistent decrease:
• From 2024 to 2025, a decline of approximately 13.3%.
• From 2025 to 2026, a further decrease of around 15.2%.
• From 2026 to 2027, another reduction by about 17.8%.
• From 2027 to 2028, a significant drop of approximately 21.3%.
An average Compound Annual Growth Rate (CAGR) over the five years from 2023 to 2028 is projected to be negative, indicating an average annual decrease in sold production volume.
Future trends to watch for include technological advancements in material science, shifts in consumer demand towards sustainable and eco-friendly materials, and regulatory changes regarding rubber product manufacturing and disposal that could impact production volumes.
