The production in the Wholesale of Metals and Metal Ores sector in Spain has seen a steady fluctuating trend from 2013 to 2023. Notably, 2023 stood at 1.69 billion Euros. The sector experienced substantial growth peaks in 2015 and 2017, followed by a decline post-2019. The year-on-year variation over the last two years shows a minor decline, -1.05% in 2022 and -1.04% in 2023. The Compound Annual Growth Rate (CAGR) observed over the last five years is -1.17%.
Future trends to watch for in this sector include:
- Continued moderate decline, with a forecasted 5-year CAGR of -0.81% from 2024 to 2028.
- Impact of potential policy changes regarding the environment and sustainability on production volumes.
- Technological advancements in metal production and ore extraction processes.
- Fluctuations in global metal prices and their influence on Spain's market.
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