The production of copper bars, rods, and profiles in Spain has shown significant fluctuations over the past decade. In 2023, production stood at 87.475 million kilograms. A detailed analysis reveals the following trends: Between 2013 and 2016, production experienced a downward trend, with a notable dip in 2015 and 2016. This was followed by periods of sharp increases in 2017 and 2019, and a substantial decline again in 2018. The upward trajectory resumed in 2020 and continued through 2023. The last two years (2022-2023) experienced moderate growth, with year-on-year increases of 6.22% and 4.57% respectively. Over the last five years, the compound annual growth rate (CAGR) has been 5.45%.
Future trends indicate a stable period with moderate growth forecast through 2028. The production is forecasted to reach 94.755 million kilograms by 2028, with an average annual growth rate (CAGR) of 1.27% over the next five years. Observers should monitor influences from global copper prices, technological advancements in production processes, and environmental regulations, which could impact production levels.
