In 2023, the import of parts of aircraft and spacecraft to Spain stood at 2.868 billion USD. From 2024 onwards, the forecasted data indicates a continuously growing trend. The year-on-year growth percentages are anticipated to be: 2024 (3.05%), 2025 (3.27%), 2026 (3.11%), 2027 (2.96%), and 2028 (2.81%). The compound annual growth rate (CAGR) over these five years is estimated to be approximately 3.04%. This upward trend suggests robust demand in the aerospace sector, driven by advancements in technology and increasing air traffic.
Future trends to watch for include:
• Technological advancements in aircraft and spacecraft components.
• Increasing collaboration between international aerospace companies and Spain.
• Potential regulatory changes impacting import volumes and values.
• Shifts in global trade dynamics and geopolitical factors affecting supply chains.
