In 2023, the aerospace industry trade balance in Spain was recorded at 2.65 billion US dollars. The forecasted data from 2024 to 2028 indicates a steady upward trend. Specifically, the values are expected to rise from 2.7 billion US dollars in 2024 to 2.92 billion US dollars by 2028, reflecting year-on-year percentage increases: 2.22% in 2024, 2.22% in 2025, 1.81% in 2026, 2.14% in 2027, and 1.74% in 2028. The Compound Annual Growth Rate (CAGR) over the five-year period is approximately 2.03%, indicating moderate and stable growth.
Future trends to watch for include:
- Technological advancements and innovations in aerospace manufacturing.
- Increasing global demand for aerospace components.
- Impact of geopolitical factors on international trade.
- Evolution of supply chain dynamics in the aerospace sector.
- Government policies and regulations influencing trade and investment in the industry.