The Casting of Iron Market Size in Spain experienced fluctuating trends over the past decade. From 2012 to 2013, the market saw a decline, but it rebounded with a notable increase from 2014 onwards, reaching a peak in 2019. However, 2020 marked a significant drop due to global disruptions. A recovery trend was observed in 2021 with an increase of over 20%, stabilizing slightly in 2022. The five-year CAGR for 2022 is approximately 1%, suggesting moderate growth over the period.
Future trends to watch for include the adoption of advanced manufacturing technologies, increased demand for high-quality iron castings in various industries, and potential market impacts from environmental regulations and sustainability initiatives.
How does Spain rank in Casting of Iron Market Size Volume?
# | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Germany | 3,473,700,000 | 2023 | -0.39% | -2.27% | View data |
2 | 2 Italy | 827,800,000 | 2023 | -0.99% | -1.32% | View data |
3 | 3 Spain | 808,370,000 | 2023 | +0.31% | +0.94% | |
4 | 4 France | 575,060,000 | 2023 | +3.19% | +2.15% | View data |
5 | 5 Czech Republic | 167,410,000 | 2023 | +1.06% | -2.99% | View data |