Medium hard cheese production in Spain has shown significant growth from 68.3 thousand metric tons in 2013 to 128.35 thousand metric tons in 2023. The production peaked sharply in 2021 at 149.82 thousand metric tons. Between 2020 and 2021, the year-on-year increase was substantial, up 16.21%, followed by a notable decline of 25.02% in 2022. The past year-on-year rate for 2023 indicates a rebound with a 14.26% increase. The compound annual growth rate (CAGR) over the last five years stands at 4.51%, indicating steady average growth.
For the forecasted years from 2024 to 2028, the medium hard cheese production in Spain is expected to increase gradually, reaching 143.39 thousand metric tons by 2028. The forecasted CAGR for this period is 1.76%, reflecting a slower but steady growth. Key trends to watch for include evolving consumer preferences, potential impacts of agricultural policy changes, and advancements in cheese production technology.
