From 2013 to 2023, Spain’s industrial sand and gravel production shrank noticeably. Starting at 3.4 million metric tons in 2013 and plummeting to 2.15 million metric tons by 2023, this decline mirrors an overall downward trend, with a significant drop of 6.01% year-on-year in 2023. The five-year compounded annual growth rate (CAGR) sits at a negative 5.59%.
The forecasted data from 2024 to 2028 indicates a continued decrease in production:
- A year-on-year drop of 8.35% between 2023 and 2024.
- A five-year forecasted CAGR of -6.47%, predicting a production volume of 1.43 million metric tons by 2028.
- An anticipated cumulative reduction of 28.44% over the next five years.
Future trends to watch for:
- Technological advancements in production methods which might mitigate declining trends, potentially stabilizing the sector.
- Legislative changes impacting mining and environmental policies that could further influence production levels.
- Global market demand shifts, particularly in industries reliant on industrial sand and gravel, such as construction and manufacturing.
