The non-ferrous metal ore mining turnover in Spain showed significant fluctuations between 2013 and 2023. In 2023, the turnover stood at 1040.0 million Euros, marking a 5% increase from 2022. Over the last two years, the sector experienced a steady growth rate, driven by a consistent upward trend. The last five-year CAGR (Compound Annual Growth Rate) was 1.73%, reflecting a moderate average annual growth over this period.
Looking into the future, the turnover is expected to continue its upward trajectory with forecasted values reaching 1270.0 million Euros by 2028. The forecasted 5-year CAGR is projected to be around 3.29%, suggesting a positive growth outlook for the sector. Key trends to watch for include advancements in mining technology, increasing demand for non-ferrous metals in various industries, and the impact of regulatory changes on mining operations.