Examining the specified period (2013-2028), Spain's aircraft parts exports exhibit variance. Year-on-year (YoY) fluctuations were stark, with notable dips in 2017 (-24.83%) and 2020 (-15.57%), contrasted by peaks like 2016's 16.39% rise. The last two years show a YoY growth in 2022 (6.95%) and 2023 (1.55%). The 5-year CAGR, calculated to be 1.22% from 2023 to 2028, suggests a steady but moderate growth, with an aggregate 5-year rate of 6.26%.
Future Trends to Watch
As we forecast, a tempered growth trajectory marks the aircraft parts export market from Spain. Industry players should monitor global aerospace demands, potential technological advancements, and trade policy shifts, which could significantly impact market dynamics and growth potential.
