From 2015 to 2023, Spain’s stone fruit production fluctuated, peaking at 2.25 million metric tons in 2017 and falling to its lowest at 1.23 million metric tons in 2022. Notably, 2023 saw a significant recovery to 1.87 million metric tons, marking a 52.83% increase from the previous year. The Compound Annual Growth Rate (CAGR) over the past 5 years stands at -0.17%, reflecting overall volatility in production.
Looking forward to the forecast from 2024 to 2028, production is expected to stabilize with a modest increase. The forecasted 5-year CAGR is 0.53%, translating to an anticipated total growth of 2.65% by 2028. This suggests a gradual recovery and steady growth trend compared to the prior period.
Future trends to watch for include:
- Potential impacts of climate change on harvest yields.
- Advancements in agricultural technology improving production efficiency.
- Changes in domestic and international market demand influencing production levels.
- EU agricultural policies and subsidies affecting the sector.
