The production in the man-made fibres sector in Spain is forecasted to decrease from 370.5 million euros in 2024 to 344.9 million euros in 2028. The production value stood at 378.4 million euros in 2023, indicating a consistent downward trend. The year-on-year variation reveals a decrease of approximately -2% from 2023 to 2024, followed by a forecasted annual decline ranging from -1.2% to -1.6% over the subsequent years. The compound annual growth rate (CAGR) from 2023 to 2028 is approximately -1.8%.
Key future trends to watch for in the man-made fibres sector include technological advancements in production processes, shifts in consumer demand towards sustainable fibres, and potential regulatory changes impacting the industry. These factors could influence the long-term viability and competitiveness of the sector in Spain.
