Based on the provided forecast data, the year-on-year (YoY) percentage variations are as follows:
- 2024 - 2025: -6.74%
- 2025 - 2026: -7.07%
- 2026 - 2027: -7.46%
- 2027 - 2028: -7.92%
The Compound Annual Growth Rate (CAGR) over the next 5 years is approximately -7.08%.
Future trends to watch for include potential technological advancements in electrical equipment, changes in trade policies between Canada and Spain, and global economic factors influencing demand. Sustainable and smart grid technologies might shift market dynamics, enhancing export values or introducing new regulatory challenges.
