Between 2013 and 2023, the chemicals manufacturing sector in Spain has seen fluctuating output levels, peaking at 49.36 billion euros in 2014 and 2015, and then experiencing significant variances including a sharp drop in 2016 to 35.36 billion euros. The most recent data from 2023 shows the output at 35.72 billion euros, down by 2.88% from the previous year. Over the past five years, the Compound Annual Growth Rate (CAGR) is at -2.64%, depicting a consistent declining trend.

In the future, the forecasted data suggests that the output will continue to decline, with an expected CAGR of -2.48% over the next five years, resulting in an anticipated output of 30.59 billion euros by 2028.

Future trends to watch for include:

Innovation in sustainable and green chemistry, responding to regulatory and consumer demand.
Potential impacts of global macroeconomic factors, such as trade policies and raw material prices.
Technological advancements and digital transformation within the industry to enhance efficiency and reduce costs.