The production of aluminium bars, rods, and profiles in Spain is observed to have grown significantly from 2013 to 2023. Starting at 317.12 million kilograms in 2013, it showed notable variations, with a drop in production in some years and remarkable increases in others, especially in 2021 with a surge of 42.61%. By 2023, production stood at 660.16 million kilograms, reflecting a year-on-year growth of 9.95% and a 5-year CAGR of 9.51% since 2018.
Looking into the future, the forecasted data indicates continued growth, with an expected production level of 950.07 million kilograms by 2028. The 5-year CAGR from 2023 to 2028 is projected at 5.72%, promising a healthy expansion rate.
Future trends to watch for include:
- Technological advancements in aluminium manufacturing techniques
- Rising demand in automotive and construction industries
- Potential impacts of environmental regulations on production processes
- Global economic shifts affecting material supply and demand
