The sold production of aluminium bars, rods, and profiles in Spain has seen significant growth from 15.929 million kilograms in 2013 to 60.991 million kilograms in 2023. This represents an average annual growth rate (CAGR) of 18.68% over the last five years. However, the production volume has not been consistently increasing every year. There were periods of decline, such as in 2015 and 2020. Notably, the year-on-year increase recorded a substantial 41.06% growth in 2021. Looking ahead, the forecasted data indicates continued strong growth, with an expected CAGR of 6.91% from 2024 to 2028, equating to a total growth rate of 39.68% over this period.
Future trends to watch for:
- Potential economic and political factors that could impact raw material supply and production capacities.
- Technological advancements in aluminium production and recycling processes.
- Shifts in market demand due to changes in industries such as automotive, construction, and aerospace.
