Spain's basic metals exports to China have shown significant fluctuations over the past decade. The values ranged from a low of $184.63 million in 2015 to a peak of $406.24 million in 2017. The year 2023 saw exports at $317.06 million, representing a modest year-on-year increase of 2.54% from 2022. Over the last two years, the annual growth rate averaged around 2.6%, while the compound annual growth rate (CAGR) over the last five years stands at 6.26%.
Future trends to watch for:
- Forecasted figures indicate a steady increase in exports, reaching $358.04 million by 2028.
- The forecasted five-year CAGR of 1.91% suggests moderate growth.
- Key factors to monitor include global demand shifts, trade policies, and China's economic conditions.
