Spain's ready-mixed concrete production value experienced significant fluctuations from 2013 to 2023. After a steep decline in 2013, a period of stabilization followed with values remaining constant through 2014 and recovering gradually up to 2019. The COVID-19 pandemic caused a dip in 2020, with production value stabilizing again in 2021. Recent years indicate a slight decline with a negative -1.79% year-on-year variation in 2023, and an overall -0.82% CAGR over the last five years.
Forecast for the ready-mixed concrete market in Spain suggests a continued modest decline, with a -1.09% CAGR for the 2024-2028 period. Factors such as economic conditions, infrastructure projects, and environmental regulations will play a critical role in this trend.
Future trends to watch for:
- Implementation of sustainable practices and eco-friendly production methods.
- Government spending on infrastructure and public works, influencing demand.
- Potential impacts of economic recovery post-pandemic on the construction sector.