Forecast: Imports of Non-Metallic Minerals in Spain

From 2013 to 2023, Spain's imports of non-metallic minerals exhibited significant fluctuations. Notably, a sharp rise occurred between 2016 and 2017 (42.97%), followed by a slight decline in subsequent years, with some recovery observed in 2021 and stable imports from 2022 to 2023. The year 2023 saw imports standing at 15.83 million metric tons, just slightly higher than 2022. This equates to a year-on-year increase of 0.59% and an average annual decrease of 1.43% over the last five years.

Looking forward, the forecast suggests steady, although slow, growth. The imports are expected to reach 16.32 million metric tons by 2028, with a forecasted 5-year CAGR of 0.47%. Future trends to watch for include emerging market needs, technological advancements in mineral processing, and economic policies affecting trade. Keeping an eye on these factors will provide valuable insight into import behavior and potential market shifts.