From 2014 to 2023, wheat processing in Spain ranged from 81.0 to 98.0 thousand metric tons, with notable fluctuations. Key observations include significant growth in 2017 (23.46%) and a decline in 2018 (-8%). From 2021 to 2023, the year-on-year growth stabilized around 1.03–1.05%. The 5-year CAGR up to 2023 was 1.27%.
Future trends (2024-2028) indicate a moderate annual growth forecast, with the CAGR predicted at 0.6%. By 2028, the value is expected to reach 102.0 thousand metric tons, reflecting a 3.03% increase over 5 years.
Trends to Watch For:
- Shifts in global wheat markets and their impact on local processing
- Technological advancements in wheat processing increasing efficiency
- Changes in consumer demand for wheat products in Spain
