The forecasted production of hazelnuts in Spain shows a steady decline from 2024 to 2028. In 2023, the actual production stood at 9.47 Thousand Metric Tons. The forecasted figures depict the following values for the subsequent years: 2024 at 9.08 Thousand Metric Tons, 2025 at 8.69 Thousand Metric Tons, 2026 at 8.31 Thousand Metric Tons, 2027 at 7.94 Thousand Metric Tons, and 2028 at 7.58 Thousand Metric Tons.
The year-on-year percentage variations indicate a consistent decline:
- 2024 over 2023: -4.1%
- 2025 over 2024: -4.3%
- 2026 over 2025: -4.4%
- 2027 over 2026: -4.5%
- 2028 over 2027: -4.5%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 stands at -4.4% per year, indicative of a declining trend.
Future trends to watch for include potential changes in cultivation practices, climate change impacts, and market demand shifts. These factors could either mitigate or exacerbate the declining production trend observed in hazelnut production in Spain.
