The sold production of rubber products in Spain has shown notable fluctuations over the past years. From 2013 to 2023, the sold production peaked in 2015 at 459.45 million kilograms and dramatically declined to a low of 309.75 million kilograms in 2021. Notably, the sector saw a significant rebound in 2022 with a 23.57% increase, followed by a modest rise of 5.52% in 2023. As of 2023, production stood at 403.9 million kilograms.
Over the last two years, significant variability has been observed, with a sharp recovery in 2022 and steady growth in 2023. The average annual decline over the past 5 years (CAGR) is registered at -1.41%. Moving forward, from 2024 onwards, the sector is expected to grow at an average annual rate of 1.19% (CAGR), achieving a cumulative growth rate of 6.08% by 2028.
Future trends to watch for include technological innovations in rubber manufacturing, potential impacts from changing regulations related to sustainability, and shifts in global market demand. These factors could significantly influence production volumes and the overall trajectory of the sector.
