In 2023, the aluminium turnover in Spain stood at EUR 6.95 billion. Forecasts from 2024 to 2028 show a consistent upward trend in the aluminium market. The turnover is expected to grow steadily from EUR 7.18 billion in 2024 to EUR 8.14 billion in 2028. Year-on-year growth percentages for the upcoming years are approximately:
- 2024: 3.3%
- 2025: 3.34%
- 2026: 3.23%
- 2027: 3.13%
- 2028: 3.04%
The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is approximately 3.21%, highlighting a robust growth trajectory for the aluminium market in Spain.
Future trends to watch for include potential impacts from global supply chain disruptions, shifts in demand due to technological advancements in aluminium applications, and policy changes related to environmental sustainability. Keeping an eye on these factors will be crucial for market stakeholders.
