The sold production of metal structures and parts of structures in Spain showed significant fluctuations from 2013 to 2023. The value stood at 5.6722 billion kilograms in 2023. Over the observed period, growth rates varied from a sharp decline of -41.16% in 2013 to a notable surge of 73.36% in 2021. The recent data from 2022 and 2023 show consecutive increases of 20.69% and 17.15% respectively, with a Compound Annual Growth Rate (CAGR) of 21.3% over the past five years.
Forecasts suggest a consistent upward trend with projections reaching 9.7005 billion kilograms by 2028, representing a five-year forecast CAGR of 8.36%. This indicates robust growth and a significant expansion in the market size, with an overall forecasted growth rate of 49.37% over the next five years.
Future trends to watch for include advancements in technology enhancing production efficiency, increased demand from the construction and infrastructure sectors, and potential impacts from regulatory changes and economic conditions. Keeping an eye on global trade dynamics and raw material costs will also be crucial for strategic planning in this sector.
