In 2023, maize production in Spain stood at approximately 4.0875 million metric tons. Over the last decade, the trend has shown significant fluctuations with initial declines until 2017 followed by varied annual changes. Specifically, from 2013 to 2017, there was a consistent decline. However, between 2018 and 2023, production somewhat stabilized with minor variation. The year-on-year growth rate in 2023 was marginal at 0.04%, indicating stability. Over the last five years, the compound annual growth rate (CAGR) reflected a modest increase of 1.24%.
Forecasts from 2024 to 2028 suggest a very gradual increase in maize production, with a forecasted 2028 value of approximately 4.0961 million metric tons. The anticipated five-year CAGR for this period remains low at 0.03%, suggesting limited growth.
Future trends to watch for include climatic impacts on agricultural productivity, advancements in farming technologies, and policy changes affecting agricultural subsidies and trade. Monitoring these factors will be crucial for accurate future forecasting of maize production in Spain.
