The turnover in the Iron Ore Mining Sector in Spain has experienced fluctuations from 2014 to 2023, ranging from decreases in 2015 and 2016 to significant growth in the years 2019, 2021, and particularly 2023. The year 2023 saw a remarkable 17.86% year-on-year increase, reaching 13.2 million euros.
Future trends indicate a steady growth in turnover, with forecasts projecting a CAGR of 4.12% over the next five years, reaching 17.5 million euros by 2028. This suggests a stabilized and consistently growing sector, albeit at a slower rate compared to the recent past.
Key trends to watch for include potential fluctuations in global iron ore prices, advancements in mining technology, and shifts in regulatory policies that could impact production costs and output levels. Additionally, the demand from industries such as steel production and construction will play a critical role in shaping the sector's future trajectory.