The production of aluminium foil in Spain exhibited notable fluctuations from 2013 to 2023, with significant peaks and troughs. The highest production volume was recorded in 2020 with a dramatic year-on-year increase of 90.45%, before declining sharply by 21.79% in 2021. In 2023, production stood at 67.108 million kilograms, demonstrating a steadying trend with a marginal rise of 0.73% year-on-year. The compound annual growth rate (CAGR) over the past five years was 7.02%, indicating a positive but variable growth trajectory.
Future trends to watch for include:
- Steady increase in production volume, with forecasted values showing continued growth reaching 69.457 million kilograms by 2028.
- A moderate 5-year forecasted CAGR of 0.55%, suggesting stable but slow growth ahead.
- The possibility of external factors such as technological advancements, environmental regulations, or market demand influencing future production rates.