The flat glass shaping and processing turnover in Spain saw significant growth between 2013 and 2023, increasing from €741.7 million to €1340.0 million. This represents an overall increasing trend, despite some fluctuations such as a notable decrease in 2018 and 2020. The most impressive growth occurred between 2014 and 2017, peaking at €1410.0 million in 2019.
Key trends:
- 2013 to 2014: Moderate increase of 6.66%.
- 2015 to 2017: Strong growth with a peak year-on-year increase of 19.87% in 2017.
- Post-2017 fluctuation: Decrease in 2018 and 2020, with a steady recovery from 2021 onwards.
- Long-term CAGR (2019-2023): Approximately 4.37% per year.
- Forecast to 2028: Projected continued yet moderate growth, with a CAGR of 0.88%.
Future trends to watch for include potential market stabilization, technological advancements in glass processing, and impacts from economic cycles. Sustainability initiatives and demand from construction and automotive industries could also significantly influence future market dynamics.
