The turnover in the Non-Ferrous Metal Ores Mining Sector in Spain demonstrated significant variation between 2013 and 2023, increasing from 376.2 million euros in 2013 to 1040.0 million euros in 2023. The sector saw high volatility with substantial drops and spikes, particularly noticeable in 2013 with a significant drop of -51.9%. The recovery phase peaked in 2017 with an impressive year-on-year rise of 67.32%. The average annual growth rate (CAGR) varied over the years, noting an increase of 37.37% in 2013 but shrinking to 1.73% by 2023. Over the past five years, the sector had a more stable increase, averaging a CAGR of 3.29%.
Future trends to watch in this sector include technological advancements in mining operations, fluctuations in global non-ferrous metal prices, and potential environmental regulations impacting operational costs. Additionally, geopolitical events can significantly influence demand and supply chains. Stakeholders should also pay attention to the sector's shift towards sustainable and green mining practices, which could drive future turnovers.