The import of rubberized textile adhesive tape to Spain has shown consistent growth from 2013 to 2023, starting at 1.2037 million kg in 2013 and reaching 3.8513 million kg in 2023. The year-on-year growth rate varied significantly, with the highest at 39.53% in 2017 and a slight dip of -12.84% in 2020, influenced by the pandemic. The Compound Annual Growth Rate (CAGR) over the past five years stands at 3.75%, reflecting steady growth.
The forecasts from 2024 to 2028 predict continued growth, reaching 4.6351 million kg in 2028 with a 5-year CAGR of 2.96%. The forecasted growth rate for this period is expected to be 15.71%.
Future trends to watch for include:
- Potential impacts of global supply chain disruptions.
- Changes in demand driven by innovation in textile adhesive technology.
- Economic factors such as trade policies and tariffs.
- Environmental regulations affecting production and import practices.
