The fruit production value in Spain stood at €9.98 billion in 2023. Production showed several fluctuations over the historical period, with marked growths and drops, including a notable decrease in 2019 and 2022, followed by a 5.15% rise in 2023. The 2023 value is forecasted to grow steadily, reaching approximately €10.71 billion by 2028 with a forecasted 5-year Compound Annual Growth Rate (CAGR) of 1.12%.
Key variations:
- The highest annual growth was recorded in 2015 at 17.85%.
- The largest decline was in 2019 at -12.87%.
On average, the past 5 years witnessed a modest 0.13% CAGR. Over the short-term future, from 2024-2028, the growth rate is anticipated to be around 5.73% in total.
Future trends to watch for:
- Climate impact on agricultural yields.
- Technological advancements in fruit production.
- Changes in EU agricultural policies and subsidies.
- Global market demand and trade relations.
