Forecast: Sold Production of Steel Flanges in Spain

The production of steel flanges in Spain has shown various fluctuations from 2013 to 2023. The values increased from approximately 21.961 million kilograms in 2013 to 41.246 million kilograms in 2023. Notably, the period from 2014 to 2015 saw a significant growth, followed by a slight decline around 2016-2017. However, starting from 2018, the growth has been more consistent, with particularly strong increases in 2019 and 2020. By 2023, the year-on-year growth stood at 2.6%, reflecting stabilization following previous volatility.

For the future, the forecasted data from 2024 to 2028 suggests a steady increase in production volumes. The 5-year CAGR from 2023 to 2028 is expected to be around 1.84%, with an overall growth rate of 9.56% by 2028. This signals a moderate but consistent growth trajectory.

Trends to watch for in the future include potential impacts of technological advancements in steel production, shifts in domestic and global demand, and changes in environmental regulations which could affect production practices.