Iron Exports from Spain exhibited fluctuations over the last decade, showing a general downward trend from 2013 until 2016, bottoming out in 2020 at 9.11 million metric tons. Recovery started post-2020 with a notable year-on-year increase of 15.82% in 2021, reaching 10.55 million metric tons. By 2023, volume stood at 11.39 million metric tons. The Compound Annual Growth Rate (CAGR) over the last 5 years was -0.39%, indicating a modest overall decline.
The forecast for 2024 to 2028 shows consistent annual growth, starting at 11.51 million metric tons in 2024 and steadily increasing to 11.99 million metric tons by 2028. This period is anticipated to have a CAGR of 0.82%, suggesting a positive growth trajectory.
Future trends to watch for:
- The impact of global economic conditions on iron demand.
- Technological advancements enhancing production efficiency.
- Policy changes and trade agreements affecting export dynamics.
- Environmental regulations influencing the industry.
