The production of silicon metal in Spain was 27.64 thousand metric tons in 2023. Historical data shows a generally declining trend from 2013 to 2023, with a substantial dip in 2020 followed by a modest recovery in 2021. The 2023 production value represents a slight decrease of 0.54% compared to the previous year. Over the last two years, the production has decreased by 2.02%. The compound annual growth rate (CAGR) over the last five years ending in 2023 is -0.55% reflecting a steady decline. Looking ahead, forecasts suggest a continued decrease with a five-year CAGR of -0.45%, equating to a cumulative decline of approximately 2.24% by 2028.
Future trends to watch for include potential shifts in global silicon metal demand, advancements in production technologies, and Spain's economic policies impacting industrial outputs. Additionally, sustainability initiatives and energy costs may significantly influence future production levels.
