The production of cotton yarn in Spain showed fluctuations over the past decade. From 2013 to 2023, the volume varied significantly, peaking in 2017 at 139.06 million kilograms before witnessing a steep decline in 2021 to 45.187 million kilograms. However, there was a notable recovery by 2023, reaching 125.83 million kilograms. Over the last two years, production recovered, with a year-on-year increase of 171.25% in 2022 and a 2.66% rise in 2023. The average annual growth rate (CAGR) over the last five years up to 2023 was -0.64%, indicating a slight overall decline.
Future trends worth monitoring include:
- Continued recovery post-2021 levels of production
- Impact of global supply chain disruptions on cotton yarn production
- The evolution of sustainable practices in the textile industry and their influence on production volumes
- The potential for technological advancements to enhance production efficiency