The forecast data for the sold production of plastic tubes, pipes, and hoses in Spain shows a declining trend from 2024 to 2028. In 2023, the actual production stood at a value higher than the forecasted 9.8531 million kilograms in 2024. The projected values show a year-on-year decrease: -5.3% in 2025, -5.5% in 2026, -5.8% in 2027, and -6.1% in 2028. Over the last two years, the trend has been a continuous decline, reflecting a CAGR of approximately -5.7% per year over the forecast period.
Future trends to watch for:
- Monitor global market conditions which could impact the demand and production levels.
- Technological advancements and innovations in plastic manufacturing which may enhance efficiency and production capabilities.
- Regulatory changes regarding plastic use and disposal which could significantly affect market dynamics.
- Changes in related industries such as construction and automotive that heavily rely on plastic tubes, pipes, and hoses.
