The volume of precious metals imports to Spain stood at 1760 metric tons in 2023. Over the last decade, the import volume displayed significant volatility: it plummeted by 38.87% in 2013, rose sharply by 157.65% in 2017, and reached a peak of 3660 metric tons in 2021. The average annual growth rate (CAGR) over the past five years was 4.14%. Year-on-year, the change from 2022 to 2023 was a modest increment of 2.51%.
Future trends to watch for:
- Forecast suggests a steady but modest increase in imports, achieving a 1.83% CAGR and a total five-year growth rate of 9.49% by 2028.
- Potential market disturbances, including economic shifts, supply chain disruptions, and geopolitical factors, may impact these forecasts.
