In 2023, the turnover for Structural Metal Products in Spain stood at 9.76 billion Euros. The forecasted data from 2024 to 2028 shows a continuous decline each year: in 2024, the value is 9.09 billion Euros; in 2025, it falls to 8.42 billion Euros; in 2026, it further decreases to 7.76 billion Euros; by 2027, it drops to 7.11 billion Euros; and the trend continues into 2028, reaching 6.46 billion Euros. The year-on-year percentage variation reveals a consistent downward trend. Over the past two years (2024 to 2025 and 2025 to 2026), the decrease ranged between 6-8%. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is negative, reflecting an average annual reduction in turnover.
Key future trends to monitor include:
- Economic factors impacting construction demand
- Technological advancements in production processes
- Regulatory changes influencing industry operations
- Developments in sustainable building materials impacting market share