The turnover in the precious metals and non-ferrous metals manufacturing sector in Spain has experienced notable fluctuations from 2013 to 2023. The industry saw significant growth between 2013 and 2015, followed by a dip in 2016. A substantial recovery occurred in 2017, with the value peaking in the early 2020s. In 2023, the turnover stood at 14.77 billion euros. Over the past two years, the sector saw year-on-year variations of 2.63% in 2022 and 2.54% in 2023. The 5-year Compound Annual Growth Rate (CAGR) indicates an average growth of 1.32% per year.
Future trends to watch for include:
- Emerging technologies driving efficiency and production.
- Increased focus on sustainability and eco-friendly practices in manufacturing.
- Possible market volatility due to geopolitical factors and economic policies.
- Rising demand for precious metals in renewable energy and electronics.
