Between 2013 and 2023, the sold production value of wheat or maslin flour in Spain showed fluctuations. Starting at 1.0987 billion Euros in 2013, it dropped significantly in 2014 to 0.99009 billion Euros, followed by a gradual decrease until 2017. The value slightly rebounded in 2018 and 2019 but saw another dip in 2020. By 2023, the value stood at 1.0116 billion Euros, marking a slight increase compared to previous years.
The year-on-year variations reveal significant drops in 2014 and 2017 but modest increases and slight fluctuations in other years. Notably, from 2018 onwards, there was a general recovery trend. The last two years recorded minimal positive changes, 0.59% in 2022 and 0.58% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stood at 0.31%.
Looking forward, the forecasted data from 2024 to 2028 suggests a positive growth trajectory with an expected five-year CAGR of 0.44%, translating to an overall growth rate of 2.21% by 2028. This points to a stable, though modest, increase in the sold production value.
Future trends to watch for:
- Potential impacts of agricultural policy changes and subsidies within the EU.
- Technological advancements in farming and production processes.
- Fluctuations in export demand and international trade agreements that may influence production volumes.
