Forecast: Exports of Non-Metallic Minerals in Spain

In the past decade, Spain's exports of non-metallic minerals have shown a mixed trend. From 2013 to 2023, there were periods of significant growth as well as declines. The year-on-year growth rate fluctuated substantially, with notable increases in 2014 (8.19%), 2016 (6.17%), and 2017 (11.02%). However, there were considerable decreases in 2019 and 2020, with the largest drop in 2020 at -11.8%. The rebound in 2021 brought a substantial increase of 23.29%, followed by smaller gains in 2022 (2.23%) and 2023 (2.14%). Over the last five years, the CAGR stood at a modest 0.58%, reflecting overall slow growth.

For future projections (2024-2028), the exports are anticipated to continue a moderate upward trend. The forecasted CAGR for the next five years is 1.63%, indicating a continuation of growth but at a slow pace. By 2028, the volume of exports is expected to reach 49.44 million metric tons, marking an 8.44% increase from 2023.

Future trends to watch for include the potential impacts of global economic conditions, trade policies, and technological advancements in extraction and production processes. Additionally, environmental regulations and sustainability practices could influence the export landscape of non-metallic minerals in Spain.