Forecast: Sold Production of Meat and Poultry Meat Products in Spain

The sold production of meat and poultry meat products in Spain has shown a consistent upward trend from 2013 to 2023, marked by both gradual and significant year-on-year value increases. In 2013, the value stood at €6.2401 billion, and by 2023, it reached €8.619 billion, indicating a substantial overall growth.

Key observations include:

From 2021 to 2022, the value increased by 2.91%, embodying a recovery phase.

The year 2023 saw a further 2.44% rise compared to 2022.

Over the last five years leading up to 2023, the Compound Annual Growth Rate (CAGR) was 2.47%, demonstrating steady annual growth.

Looking ahead, forecasted data suggests continued growth, with values reaching €9.6152 billion by 2028. The future 5-year CAGR is anticipated to be 1.74%, projecting a slower but consistent growth rate with an overall increase of 8.99% from 2024 to 2028.

Future trends to watch for include shifts in consumer preferences towards sustainable and organic meat products, potential impacts of global trade policies, and technology-driven advancements in meat production and processing.