The import of iron or steel tableware and kitchenware to Spain has shown varied trends over the past decade. In 2023, the imports stood at 221.61 million USD. Year-on-year variations have ranged from a significant decrease of 16.22% in 2020 to a notable increase of 21.58% in 2021. Over the last two years, there was a modest increase, with 0.88% in 2022 and 0.86% in 2023. The 5-year CAGR from 2018 to 2023 was 0.7%, indicating a slow but steady growth. Forecasts suggest that imports will continue to rise, reaching 231.46 million USD in 2028, with a forecasted 5-year CAGR of 0.69% from 2024 to 2028, resulting in a total growth rate of 3.48%.
From 2024 onwards, the trend indicates a steady increment in import values. It's crucial to watch for:
- Global economic fluctuations impacting steel prices.
- Changes in trade policies and tariffs between Spain and exporting countries.
- Emerging preferences for sustainable or alternative materials to iron and steel in tableware and kitchenware.
- Technological advancements in the production and design of kitchenware, affecting both demand and pricing.