From 2013 to 2023, the value of palm oil production in Spain showed an overall increasing trend, growing from 171.53 million Euros to 340.79 million Euros by 2023. Year-on-year variations exhibited significant growth in the earlier years, with a peak of 21.49% in 2015, gradually stabilizing to around 3.71% by 2023. The compound annual growth rate (CAGR) for the last five years leading up to 2023 was 4.21%, reflecting moderated but sustained growth.

Future trends to watch for:

Moderate CAGR of 2.45% forecasted from 2024 to 2028, indicating slower but steady growth.
Technological advancements in palm oil production to enhance efficiency and sustainability.
Regulatory and environmental factors potentially influencing production and market dynamics.