From 2013 to 2023, the exports of basic metals from Spain to Algeria showed a fluctuating but overall declining trend. The exports peaked in 2014 with a year-on-year increase of 12.28% but then faced a continuous downturn. In 2023, the export stood at 0.35132 billion USD, indicating a steady decrease with a year-on-year drop of 7.67%. The CAGR over the last 5 years till 2023 was -5.23%.
The forecast for the next five years suggests a continuation of this decline, with an estimated CAGR of -9.03%, leading to a significant reduction in value by 2028. This indicates a potential decrease of 37.7% in total exports over the upcoming period.
Future trends to watch for include:
- The impact of geopolitical developments on trade.
- Potential changes in demand for basic metals in Algeria.
- Shifts in Spain's export policies and trade agreements.
