The unwrought aluminium market in Spain has shown significant fluctuations over the past decade. In 2023, the market size volume stood at 1,141.3 million kilograms, reflecting a 2.83% year-on-year increase from 2022. This followed a strong 12.95% growth in 2022 but was a recovery from the slight declines seen in 2020 and 2021. Over the last five years, the CAGR has been 1.71%, suggesting a modest but steady upward trend.
From 2024 onwards, forecast data suggests continued growth. The market is expected to reach 1,293.7 million kilograms by 2028, with a projected 10.35% growth over these five years and a 1.99% annual CAGR. This indicates a stable market environment with consistent demand increases for unwrought aluminium.
Future trends to watch for:
- Technological advancements in aluminium production and recycling.
- Economic conditions and industrial demand shifts in Spain.
- Global market dynamics affecting raw material supply chains and pricing.
