Production of unwrought refined copper and copper alloys in Spain stood at 20.354 million kilograms in 2023, signaling a positive upward trend. From 2013 to 2023, the annual production has generally increased with occasional dips, such as in 2016 and 2020. The most recent increases were 7.38% in 2022 and 5.7% in 2023, showing resilience in the industry. Over the last five years, production grew at an average annual rate (CAGR) of 2.39%, indicating steady growth over the medium term.
Projected figures from 2024 to 2028 suggest continued growth, with production expected to reach 25.684 million kilograms by 2028. The forecasted five-year CAGR is 3.68%, translating to a forecasted cumulative growth rate of 19.78% over the same period.
Future trends to watch for include technological advancements in production processes, potential shifts in global copper demand, and the impact of environmental regulations. The industry's growth may also be influenced by the expanding use of copper in renewable energy systems and electric vehicles.
