The import of manganese ores and concentrates to Spain displayed significant fluctuations over the period from 2013 to 2023. The value stood at 141.78 million USD in 2023, representing a modest growth of 2.48% year-on-year. This increase continues the slight upward trend observed over the previous two years. The average compound annual growth rate (CAGR) over the last five years has been 2.93%, indicating steady growth despite some year-to-year volatility.
Since 2024, imports are expected to continue rising, with forecasted values indicating an annual increase, projected to reach 159.67 million USD by 2028. The five-year forecast CAGR is 1.87%, with an overall growth rate of 9.71%. This suggests a continued, albeit slow, upward momentum in the imports of manganese ores and concentrates to Spain.
Future trends to watch for:
- Potential shifts in global manganese supply and demand which may impact prices and import volumes.
- Technological developments in manganese usage that could drive higher imports.
- Regulatory changes within Spain or the European Union affecting mineral imports.
- Economic factors influencing Spain’s industrial output and demand for manganese.
