The rice harvested production in Spain is forecasted to follow a decreasing trend from 2024 to 2028. The production is anticipated to decline from 334.36 thousand metric tons in 2024 to 277.36 thousand metric tons in 2028. This continuous drop represents a significant year-on-year reduction, with an average annual decrease (CAGR) over the five-year forecast period indicating a consistent downward trend.
In 2023, the rice harvested production was 350.00 thousand metric tons. Analyzing the variations:
• Year-on-Year reduction from 2023 to 2024: Approximately 4.5%
• Year-on-Year reduction from 2024 to 2025: Approximately 4.3%
• Year-on-Year reduction from 2025 to 2026: Approximately 4.5%
• Year-on-Year reduction from 2026 to 2027: Approximately 4.6%
• Year-on-Year reduction from 2027 to 2028: Approximately 4.8%
The average annual change (CAGR) from 2023 to 2028 is noticeable, emphasizing a steady reduction in production.
Future trends to watch for include climate impacts on agricultural yields, changes in farming practices, and shifting domestic or export demands. Additionally, advancements in agricultural technology and potential policy changes could influence this declining production trend.
