The output of non-metallic mineral products in Spain has shown varied trends over the years. The period between 2013 and 2016 exhibited fluctuating growth, with 2013 starting at a negative year-on-year variation of -7.8%. However, from 2017 to 2019 the sector experienced robust growth, registering a peak year-on-year increase of 9.01% in 2018. The COVID-19 pandemic caused a decline in 2020 by -8.09%, but the sector rebounded significantly in 2021 with a 21.07% rise. By 2023, the output stood at 23.47 Billion Euros with a moderate increase of 1.58% year-on-year.
Noteworthy observations over the last five years (2019-2023) show a compound annual growth rate (CAGR) of 3.84%. Forecasts from 2024 to 2028 suggest a slower growth pace, with an anticipated five-year CAGR of 1.13% and an overall growth rate of 5.79% by 2028.
Future trends to watch for include potential impacts of economic downturns, technological advancements in manufacturing processes, and regulatory changes in the environmental sector which could significantly influence the output and demand for non-metallic mineral products in Spain.
