The industry sector final consumption of anthracite in Spain has shown significant fluctuations over the past decade. The consumption peaked at 100.0 thousand metric tons in 2013 and 2014 before experiencing a downward trend, reaching a low of 60.0 thousand metric tons in 2020. A gradual recovery has been observed since then, with the value standing at 82.0 thousand metric tons in 2023. Year-on-year variation shows a consistent recovery in recent years, with 6.49% growth in 2023. The compound annual growth rate (CAGR) over the last five years is 3.22%.
Future forecasts predict a steady increase in consumption with a five-year CAGR of 2.28%, leading to a projected consumption of 94.0 thousand metric tons by 2028. This indicates a growth rate of 11.9% over the forecast period.
Future trends to watch for:
- Shifts in energy policies and regulations that may impact the use of anthracite.
- Technological advancements aimed at increasing the efficiency and reducing the environmental impact of anthracite consumption.
- Potential competition from alternative energy sources and their cost-effectiveness relative to anthracite.
- Economic conditions in Spain that may influence industrial demand for anthracite.