The import of Ferro-Manganese to Spain has shown a downward trend since 2013, with a significant drop from 14.584 million kilograms to 5.0739 million kilograms in 2023. Over the last two years, there has been a consistent decline in import volumes with a year-on-year variation of -7.46% in 2022 and -7.9% in 2023. The compound annual growth rate (CAGR) over the past five years was -7.43%, indicating a steady decrease in imports.
• In 2013, imports began at a relatively high level but dropped significantly by 37.2% the following year.• The period between 2014 and 2016 saw fluctuations with both decreases and a brief increase of 32.35% in 2016.• From 2017 onwards, the import volume continued to trend downward despite minor fluctuations.• By 2023, the import volume had fallen to 5.0739 million kilograms, much lower than the earlier years.
Future trends indicate a continued decline in Ferro-Manganese imports to Spain. The forecasted CAGR for the next five years is -9.43%, resulting in an anticipated volume of 2.8003 million kilograms by 2028. This represents a total forecasted growth rate of -39.07% from the 2023 level. Watch for potential market shifts, technological advancements, or policy changes that could impact this downward trend in imports.
